NBK Capital’s Debt Capital Markets (“DCM”) team is a leading advisor and arranger of debt securities in the region. As a trusted advisor and partner to companies and institutions, the team structures innovative debt solutions — both conventional and Sharia-compliant — to address the unique strategic and capital requirements of each client.

Leveraging NBK Capital’s investor base and the National Bank of Kuwait’s extensive network, the team maintains one of the strongest and widest debt placement capabilities in the region. The team enjoys an excellent reputation for consistently bringing high quality and innovative transactions to the market, which have consistently elevated the local and regional debt capital markets to new heights.

The DCM team has advised sovereign, quasi-sovereign, and prominent regional institutions in the execution of more than USD 33.2 billion worth of debt capital markets mandates and restructuring assignments since inception.

Debt Capital Markets Services

  • Conventional Debt Securities Issuances
  • Islamic Debt Securities Issuances (Sukuk)
  • Structured Debt Securities Issuances
  • Capital Structuring Advisory
  • Credit Rating Advisory
  • Debt Restructuring Advisory


  • Track Record
    Since inception, the team has executed more than USD 21.4 billion and USD 10.7 billion of conventional and Islamic debt capital markets mandates, respectively and completed USD 1.1 billion in debt restructuring assignments for a diversity of sovereign, quasi-sovereign and corporate issuers.
  • Leading Advisor
    The team has advised on more than 70% of all outstanding volumes raised by Kuwaiti issuers in both the local and international debt capital markets. The team has also advised on the establishment of all Global Medium Term Note programmes by Kuwaiti issuers and the execution of their respective issuances.
  • Establishing Kuwait’s Yield Curve
    The team acted as the only local joint lead manager on the State of Kuwait’s debut USD 8.0 billion sovereign bond issuance in 2017, which effectively established the country’s sovereign yield curve and supported the pricing of multiple Kuwaiti issuers in the international debt capital markets thereafter.
  • Local Debt Capital Market
    The team is a leader in the execution of local debt capital market transactions, arranging multiple KD-denominated landmark transactions for leading institutions across issuance structures.

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