{"id":84507,"date":"2024-05-29T00:00:00","date_gmt":"2024-05-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/29\/national-bank-of-kuwait-set-to-issue-inaugural-green-bond\/"},"modified":"2024-05-29T00:00:00","modified_gmt":"2024-05-29T00:00:00","slug":"national-bank-of-kuwait-set-to-issue-inaugural-green-bond","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/29\/national-bank-of-kuwait-set-to-issue-inaugural-green-bond\/","title":{"rendered":"National Bank of Kuwait set to issue inaugural green bond"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Bank of Kuwait (NBK) is looking to raise funds from a planned 6-year green <\/strong><strong>bond issuance<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/fixed-income\/kuwaits-nbk-plans-to-issue-its-debut-green-bonds-document-shows-k4k0rjm3\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing documents it had seen. The value and initial price guidance for the expected issuance was not disclosed, but investor meetings for the debt sale were scheduled for yesterday. The bonds will be <a target=\"_blank\" href=\"https:\/\/corporatefinanceinstitute.com\/resources\/fixed-income\/non-callable-bond\/#:~:text=What%20is%20a%20Non%2DCallable,to%20its%20date%20of%20maturity.\" style=\"\" rel=\"noopener\">non-callable<\/a> for 5 years, meaning they cannot be redeemed by the issuer in this period except with payment of a penalty. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more underway<\/strong>: NBK is planning to follow the green bond issuance with another USD-denominated senior unsecured Green Notes under NBK\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/2285.pdf\" style=\"\" rel=\"noopener\">Global Medium Term Note Programme (pdf)<\/a> launched last year with the aim of issuing USD 5 bn worth of notes denominated in any currency, the document added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>The lender tapped Citi, HSBC, JP Morgan, and Standard Chartered Bank as joint global coordinators for this debt deal. Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, and NBK will serve as joint lead managers and joint bookrunners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bonds will be non-callable for 5 years<\/p>\n","protected":false},"author":1,"featured_media":84508,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,49,108],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-kuwait","wpautop","entry"],"acf":{"mongo_id":"27532817-e306-43b0-94bf-6624b1c04415","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/114.jpg","photo_position":"above","homepage_title":"","full_issue_title":"National Bank of Kuwait set to issue inaugural green bond","related_issue":[84495],"teaser":"The bonds will be non-callable for 5 years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.96a24c0e-4497-4aea-b5ee-d0fd427ed734.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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