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 40.6bn in debt capital markets and financing transactions over the past 13 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 40.6 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 Projects Company (Holding) |
| Deal Size | KD 100,000,000 |
| Deal | Bond Issue |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | December 2017 |
| 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 Name | Kuwait National Petroleum Company (member of KPC Group) |
| Deal Size | KD 1,200,000,000 |
| Deal | Corporate loan syndication to part fund The Clean Fuels Project (Tranche 1) |
| NBK Capital Role | Exclusive Financial Advisor to Borrower |
| Date | April 2016 |
| Company Name | National Bank of Kuwait S.A.K.P |
| Deal Size | KD 125,000,000 |
| Deal | Tier 2 10-Non-Call-5 Bonds |
| NBK Capital Role | Joint Bookrunner and Joint Lead Manager |
| Date | November 2015 |
| Company Name | National Bank of Kuwait S.A.K.P |
| Deal Size | USD 700,000,000 |
| Deal | Additional Tier 1 Perpetual Non-Call 6 Capital Securities |
| NBK Capital Role | Joint Bookrunner and Joint Lead Manager |
| Date | April 2015 |
| Company Name | Utilities Development Company |
| Deal Size | KD 182,000,000 |
| Deal | Syndicated Term Loan for refinancing and financing the expansion of Sulaibiya Wastewater Treatment Plant |
| NBK Capital Role | Advisor to Mandated Lead Arranger |
| Date | December 2014 |
| Company Name | Burgan Bank |
| Deal Size | KD 100,000,000 |
| Deal | Subordinated Lower Tier II Bond Issue |
| NBK Capital Role | Joint Lead Manager and Arranger |
| Date | December 2012 |
| Company Name | Kuwait Projects Company (Holding) (KIPCO) |
| Deal Size | KD 80,000,000 |
| Deal | Bond Issue |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | January 2012 |
| Company Name | Commercial Facilities Company S.A.K |
| Deal Size | KD 50,000,000 |
| Deal | Bond Issue |
| NBK Capital Role | Lead Manager and Bookrunner |
| Date | December 2011 |
| Company Name | United Real Estate Company |
| Deal Size | KD 40,000,000 |
| Deal | Bond Issue |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | June 2010 |
| Company Name | National Industries Group |
| Deal Size | USD 1,500,000,000 Program |
| Deal | Sukuk Al Mudaraba |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | August 2007 |
| Company Name | Injazzat Real Estate Company |
| Deal Size | USD 60,000,000 |
| Deal | Sukuk Al Ijara |
| NBK Capital Role | Mandated Lead Manager and Bookrunner |
| Date | July 2007 |
| Company Name | Kuwait Financial Centre (Markaz) |
| Deal Size | USD 100,000,000 |
| Deal | Bond Issue |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | July 2007 |
- Burgan Bank Kuwaiti Dinars up to 150 Million Senior Unsecured Fixed Rate Bonds Due in 2021
- KIPCO – Up to KD100Mn, 7-year Senior Unsecured Bonds
- EQUATE Sukuk Programme
- Burgan KD100Mn, 10NC5 Subordinated, Tier 2 Bonds
- NBK KD 125Mn, 10NC5, Subordinated Tier 2 Bonds
- State of Kuwait – GMTN Issuance Programme – Prospectus
- NBK SPC Limited – GMTN Issuance Programme – Prospectus