NBK Capital Wins The Banker’s Deal of the Year Award 2021

Kuwait: June 20, 2021

Historic deal, ranks first among regional peers for this year

NBK Capital, the leading investment management firm in the region and NBK Group’s investment arm, has been awarded Deal of the Year – Middle East Award 2021 by The Banker magazine owned by The Financial Times, the world’s leading global business publication.

The award comes in recognition of the leading role of NBK Capital in successfully issuing US$700 million Regulation S/Rule 144A Perpetual callable 6-year Tier 1 capital securities for the National Bank of Kuwait (NBK).

The capital securities will support NBK’s endeavors towards further boosting its capital position and enhancing its capital adequacy ratios in accordance with Basel 3 accord and the instructions of the Central Bank of Kuwait. The Capital securities are rated Baa3 by Moody’s, and the transaction achieved a peak orderbook of US$1.9 billion, translating to an oversubscription of nearly 2.7-fold led by the robust demand of international investors, which had great impact in making the deal come first in ranking among regional peers for this year. NBK Capital was appointed as a joint Global Coordinator, a Joint Bookrunner and a Joint Lead Manager.

Meanwhile, NBK Capital said in a statement, that The Banker’s Deal of the Year Award is yet another testimony of the successful strategy aiming at creating value-add investment opportunities for the Firm’s investors, not to mention a reflection of the professionalism and efficiency of the Firm’s team.

“It’s a huge honor to receive this international recognition that exemplifies the robust and sustainable performance of the Firm in the local and regional markets despite the difficult current economic condition.” added NBK Capital, indicating this is yet another proof of the unique and leading position of NBK Capital at all levels as a pioneer in the investment banking sector.

The Firm added that the awards it receives from international institutions specialized in financial and banking affairs are awarded based on the accurate and sophisticated business model of the Firm, which puts clients of all segments at the center of its operations, while simultaneously meeting all their financial and investment needs.

It is worth noting that The Banker’s jury members received hundreds of international submissions for this year’s awards. They selected the winners based on specific criteria considering meeting client goals, the deal’s complexity, innovation, as well as the speed of implementation and pricing performance, which confirms the transparent process in selecting companies for the awards.

NBK Capital is a leading advisor and arranger of debt securities in the region, having advised on more than US$24 billion of global and local Conventional and Islamic Debt Capital Markets mandates and restructuring assignments to date.