National Bank of Kuwait tightens guidance for $300 million bonds: Sources

DUBAI: National Bank of Kuwait has tightened its guidance for $300 million 10-year bonds that are non-callable for five years to 2.5%-2.625% from 2.875% and received over $1 billion in orders for the debt sale, two sources said.

Citi and NBK Capital are arranging the deal, which is expected to close later on Tuesday, the sources said. Citi declined to comment and NBK did not respond to a request for comment.