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National Bank of Kuwait prices $800mln perpetual non-call 6-year bond

The National Bank of Kuwait (NBK) tightened the price on its $800 million Tier 1 perpetual non-call 6-year bond to 6.375%, after initially marketing the 144A/Reg S notes with price thoughts in the 6.875% area. The first reset date is July 10, 2031, with a margin of +234.3 basis points. [...]