DEBT CAPITAL MARKETS

The DCM group has one of the strongest and widest debt placement capabilities in the region

NBK Capital’s Debt Capital Markets group is a leading arranger of fixed-income securities for companies in the MENA region. As a trusted advisor and partner to companies and institutions, the Debt Capital Markets group structures innovative debt solutions — both conventional and Shari’ah-compliant — to address the unique capital requirements of each client.

Leveraging NBK Capital’s investor base and the extensive network of National Bank of Kuwait Group, the DCM group maintains one of the strongest and widest debt placement capabilities in the region. The Debt Capital Market group’s excellent reputation for consistently bringing quality issuances to market is well known and respected by institutional and retail investors.

NBK Capital has assisted prominent regional companies to raise more than USD 39.3bn in debt capital markets and financing transactions over the past 12 years.

Our Debt Capital Markets Group provides the following services:

  • Conventional Debt Securities
  • Islamic Debt Securities
  • Structured Debt Securities
  • Rating Advisory
  • Restructuring Advisory
  • Syndication / Financing Advisory

Debt Capital Markets Group has advised on some of the largest recent deals in the region including:

  • KNPC’s USD 6.3 billion Export Credit Agency backed corporate financing for the completion of the Clean Fuels Project (Tranche 2)
  • State of Kuwait’s USD 8 billion senior unsecured notes under the Global Medium Term Note (GMTN) programme
  • NBK’s USD 750 million senior unsecured notes under the USD 3 billion Global Medium Term Note (GMTN) programme
  • KNPC’s KD 1.2 billion corporate loan syndication to part finance the Clean Fuels Project (Tranche 1)
  • NBK’s KD 125 million, 10-non-call-5 Tier 2 (Basel III) compliant Bonds
  • NBK’s USD 700 million, perpetual AT1 (Basel III) compliant Capital Securities
  • Burgan Banks KD 100 million, 10-non-call-5 LT2 (Basel II) compliant Bonds

NBK Capital assisted prominent regional companies raise over USD 17.1 billion in conventional and Islamic financings, and completed over USD 1.1 billion in debt restructuring assignments since 2005. The following transactions are a testament to our debt capital markets capabilities:

Company Name Kuwait National Petroleum Company (KNPC)
Deal Size USD 6.3 billion
Deal Export Credit Agency backed corporate financing for the completion of the Clean Fuels Project (Tranche 2)
NBK Capital Role Exclusive Financial Advisor
Date May 2017
Company Name National Bank of Kuwait
Deal Size USD 750,000,000
Deal Senior unsecured notes under the Global Medium Term Note (GMTN) programme
NBK Capital Role Global Coordinator and Joint Lead Manager
Date May 2017
Company Name State of Kuwait
Deal Size USD 8,000,000,000
Deal Global Medium Term Note (“GMTN”) Program
NBK Capital Role Joint Lead Manager
Date March 2017
Company Name EQUATE Petrochemical Co.
Deal Size USD 500,000,000
Deal Trust Certificate (“Sukuk”) Issuance Program
NBK Capital Role Global Coordinator and Joint Lead Manager
Date February 2017
Company Name EQUATE Petrochemical Co.
Deal Size USD 2,250,000,000
Deal Global Medium Term Note (“GMTN”) Program
NBK Capital Role Global Coordinator and Joint Lead Manager
Date November 2016
Company NameKuwait National Petroleum Company (member of KPC Group)
Deal SizeKD 1,200,000,000
DealCorporate loan syndication to part fund The Clean Fuels Project (Tranche 1)
NBK Capital RoleExclusive Financial Advisor to Borrower
DateApril 2016
Company NameNational Bank of Kuwait S.A.K.P
Deal SizeKD 125,000,000
Deal Tier 2 10-Non-Call-5 Bonds
NBK Capital RoleJoint Bookrunner and Joint Lead Manager
Date November 2015
Company NameNational Bank of Kuwait S.A.K.P
Deal SizeUSD 700,000,000
DealAdditional Tier 1 Perpetual Non-Call 6 Capital Securities
NBK Capital RoleJoint Bookrunner and Joint Lead Manager
Date April 2015
Company NameUtilities Development Company
Deal SizeKD 182,000,000
DealSyndicated Term Loan for refinancing and financing the expansion of Sulaibiya Wastewater Treatment Plant
NBK Capital RoleAdvisor to Mandated Lead Arranger
DateDecember 2014
Company NameBurgan Bank
Deal SizeKD 100,000,000
DealSubordinated Lower Tier II Bond Issue
NBK Capital RoleJoint Lead Manager and Arranger
DateDecember 2012
Company NameKuwait Projects Company (Holding) (KIPCO)
Deal SizeKD 80,000,000
DealBond Issue
NBK Capital RoleJoint Lead Manager and Bookrunner
DateJanuary 2012
Company NameCommercial Facilities Company S.A.K
Deal SizeKD 50,000,000
DealBond Issue
NBK Capital RoleLead Manager and Bookrunner
DateDecember 2011
Company NameUnited Real Estate Company
Deal SizeKD 40,000,000
DealBond Issue
NBK Capital RoleJoint Lead Manager and Bookrunner
DateJune 2010
Company NameNational Industries Group
Deal SizeUSD 1,500,000,000 Program
DealSukuk Al Mudaraba
NBK Capital RoleJoint Lead Manager and Bookrunner
DateAugust 2007
Company NameInjazzat Real Estate Company
Deal SizeUSD 60,000,000
DealSukuk Al Ijara
NBK Capital RoleMandated Lead Manager and Bookrunner
DateJuly 2007
Company NameKuwait Financial Centre (Markaz)
Deal SizeUSD 100,000,000
DealBond Issue
NBK Capital RoleJoint Lead Manager and Bookrunner
DateJuly 2007