Latest news with #NBKInternational
Zawya
20-07-2025
- Business
- Zawya
NBK marks milestone with $800mln additional Tier 1 Bond listing on the London Stock Exchange
The listing underscores NBK's deep-rooted relationship with one of the world's most prominent stock exchanges Robust investor appetite reflects global confidence in NBK's strong credit fundamentals and regional leadership National Bank of Kuwait (NBK) celebrated the listing of its US$800 million Additional Tier 1 bond on the London Stock Exchange. This milestone highlights the Bank's strong and growing presence in global capital markets and reaffirms NBK's expansive global footprint, with a branch network spanning four continents across 13 countries. Among its key international markets, London holds strategic importance through National Bank of Kuwait (International) PLC (NBK - London), which delivers a full spectrum of banking products and services to its clientele. The listing ceremony took place at the London Stock Exchange—one of the world's leading financial marketplaces—with the participation of senior executives from NBK and NBKI (NBK-London), Leading the occasion were Mr. Zaid Al-Sager, Deputy CEO – International Banking Group at NBK; Mr. Meshari Bin Salamah, EVP - Global Head of Corporate Banking and Commercial Real Estate and Mr. Bassem Boustany, Managing Director of National Bank of Kuwait, London (NBK International) and Mr. Abdul Amir Fadel EVP - Global Head of Consumer Banking – IBG. The event underscores the Bank's strategic commitment to diversifying its funding base and reinforcing its footprint across international capital markets. The listing of the bonds on the London Stock Exchange reinforces NBK's ongoing commitment to deepening its long-standing relationships with leading global exchanges. It also reflects the growing confidence in the Bank's robust credit profile, as demonstrated by the consistently strong demand for its debt issuances across international markets. The successful issuance and listing of the bonds on the London Stock Exchange underscores NBK's leadership in the regional banking landscape and reflects its strategic vision for global expansion. It is a testament to the Bank's long-standing legacy of excellence, innovation, and prudent growth. This issuance marks the Bank's largest to date under this tranche, driven by robust investor demand that enabled an upsizing beyond initial expectations. Following a brief pause in GCC bond activity within the first tranche of additional capital—after a wave of issuances in May—NBK's transaction drew robust interest from a globally diversified investor base. Investor appetite for the issuance was exceptionally strong, with subscription orders reaching US$2.2 billion, representing a 2.75x oversubscription rate. Demand was driven by a broad and diversified base of global investors and financial institutions, with private banking platforms playing a pivotal role in the placement process. The results underscore investor confidence in NBK's robust credit profile and reaffirm Kuwait's standing as an appealing investment destination. MENA-based investors represented the largest share of the allocation, accounting for 47% of total demand, followed by investors from the United Kingdom at 19%, the United States at 18%, Europe at 13%, and Asia at 3%. By investor type, asset managers and investment funds accounted for 48% of total demand, followed by banks and private banking services at 44%, while sovereign entities, insurance companies, and pension funds represented the remaining 8% of total subscription applications. Robust investor demand enabled NBK to achieve highly favorable pricing for the issuance, with the final yield set at 6.375% (% (equivalent to UST+240.3bps), representing a 50 basis point tightening from the initial price thoughts (IPTs) of 6.875%. The investment-grade credit rating of the issuance, including a Baa3 rating from Moody's, further enhanced its appeal—driving strong interest from international private banking platforms and global asset managers. Citigroup, J.P. Morgan, HSBC, and Standard Chartered acted as Global Coordinators for the issuance, while the Joint Lead Managers included Citigroup, J.P. Morgan, HSBC, Standard Chartered, First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, KAMCO Investment Company, and National Bank of Kuwait.
Kuwait Times
17-05-2025
- Business
- Kuwait Times
NBK Wealth Group relocates to its new London office
Group underscores its commitment to excellence in client service and tailored wealth solutions KUWAIT: NBK Wealth Group has announced the completion of its newly-refurbished office within NBK International building dedicated to providing an elevated experience for its wealth management clients and reaffirming the Group's ongoing commitment to enhancing the client experience and delivering exceptional standards in wealth management. The official opening ceremony was attended by Isam Al-Sager, Vice-Chairman and Group Chief Executive Officer; Shaikha Al-Bahar, Deputy Group Chief Executive Officer; Malek Khalifa, CEO of NBK Wealth Global Private Banking and Switzerland, Omar Bouhadiba, CEO of International Banking Groupat NBK, and Bassem Boustany, the Managing Director of National Bank of Kuwait, London (NBK International). This move underscores NBK Wealth's unwavering commitment to providing exceptional wealth management services to its clients, providing them with seamless access to its products and services. The new office, situated within NBK's London building, offers enhanced client meeting spaces and upgraded technological infrastructure. This investment in a modern and accessible environment will further enable the NBK Wealth team in London to deliver tailored financial solutions and personalized support to meet the evolving needs of its valued clientele. NBK Wealth remains dedicated to fostering strong relationships with its clients. In addition to its selective range of banking products, the London office offers residential and commercial real estate finance to our esteemed clients who are seeking property investments in the UK guiding them through the financing process. Knowing the importance of preservation of family wealth and planning, our dedicated team of Trust professionals in London can assist clients with their succession planning requirements to ensure a secure and seamless transition of wealth to future generations. NBK Wealth remains steadfast in its dedication to fostering strong relationships with its clients in Kuwait and KSA. This investment in a dedicated and upgraded space within the London office will further strengthen NBK Wealth's ability to deliver tailored wealth management solutions. All existing contact details, including phone numbers and email addresses, will remain the same, ensuring a smooth transition for clients. NBK Wealth is one of the pillars of NBK Group and a pioneer wealth management group in the Middle East, as the value of its assets under management exceeds US$ 41bn Personal Financial Assets as of the end of 2024. It enjoys a wide geographical presence that extends over 9 cities in 5 different countries, in which it provides a comprehensive package of products, including private banking services, financial planning, asset management, and advisory services. NBK Wealth follows a specialized solution-based approach that suits the individual needs of its clients as per their unique goals, whether that of ultra-high-net-worth individuals and institutions. NBK Wealth is a brand registered under the name of National Bank of Kuwait S.A.K.P ('NBK'), for use by the Asset Management business of, among other NBK group entities, Watani Investment Company K.S.C.C. , a leading investment firm and its affiliates worldwide, combined with the Private Banking services of NBK worldwide, which is one of the largest and oldest financial institutions in the region.
