The DCM group has one of the strongest and widest debt placement capabilities in the region
Since its establishment in 2005, the DCM group has raised more than US$17.8bn worth of debt capital market transactions
NBK Capital’s Debt Capital Markets group is a leading arranger of fixed-income securities for companies in the MENA region. As a trusted advisor and partner to companies and institutions, the Debt Capital Markets group structures innovative debt solutions — both conventional and Shari’ah-compliant — to address the unique capital requirements of each client.
US$14.6bn
Conventional Debt Transactions
US$ 3.2bn
Islamic Debt Transactions
Leveraging NBK Capital’s investor base and the National Bank of Kuwait’s extensive network, the DCM group maintains one of the strongest and widest debt placement capabilities in the region. The Debt Capital Market group’s excellent reputation for consistently bringing quality issuances to market is well known and respected by both institutional and retail investors.
US$ 1.1bn
DCM Restructurings
NBK Capital has assisted Sovereign, Quasi-Sovereign, and prominent regional conglomerates raise more than USD 17.8bn in debt capital markets transactions over the past 14 years.
Our Debt Capital Markets Group provides its clients with the following services:
The DCM group is the advisor of choice in the local debt capital market, raising a commanding 55% of all local debt transactions since 2010
- Conventional Debt Securities
- Islamic Debt Securities
- Structured Debt Securities
- Corporate Syndication
- Rating Advisory
- Restructuring Advisory
Debt Capital Markets Group has advised on some of the largest recent deals in the region including:
- State of Kuwait’s USD 8 billion senior unsecured notes under the Global Medium Term Note (GMTN) programme
- NBK’s USD 750 million senior unsecured notes under the USD 3 billion Global Medium Term Note (GMTN) programme
- Equate’s USD 500 million senior unsecured notes under its USD 2 billion Trust Certificate Issuance Program
- NBK’s KD 125 million, 10-non-call-5 Tier 2 (Basel III) compliant Bonds
- NBK’s USD 700 million, perpetual AT1 (Basel III) compliant Capital Securities
| Company Name | Burgan Bank |
| Deal Size | KD 100,000,000 |
| Deal | Senior Unsecured Bond Issuance |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | December 2018 |
| Company Name | Kuwait Projects Company (Holding) |
| Deal Size | KD 100,000,000 |
| Deal | Senior Unsecured Bond Issuance |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | December 2017 |
| Company Name | State of Kuwait |
| Deal Size | USD 8,000,000,000 |
| Deal | Senior unsecured notes under the Global Medium Term Note (GMTN) programme |
| NBK Capital Role | Joint Lead Manager |
| Date | March 2017 |
| Company Name | EQUATE Petrochemical Co. |
| Deal Size | USD 500,000,000 |
| Deal | Trust Certificate (“Sukuk”) Issuance Programme |
| NBK Capital Role | Global Coordinator and Joint Lead Manager |
| Date | February 2017 |
| Company Name | EQUATE Petrochemical Co. |
| Deal Size | USD 2,250,000,000 |
| Deal | Global Medium Term Note (“GMTN”) Program |
| NBK Capital Role | Global Coordinator and Joint Lead Manager |
| Date | November 2016 |
| Company Name | National Bank of Kuwait S.A.K.P |
| Deal Size | KD 125,000,000 |
| Deal | 10 year Non-Call-5 Subordinated Tier 2 Bond Issuance |
| NBK Capital Role | Joint Bookrunner and Joint Lead Manager |
| Date | November 2015 |
| Company Name | National Bank of Kuwait S.A.K.P |
| Deal Size | USD 700,000,000 |
| Deal | Additional Tier 1 Perpetual Non-Call 6 Capital Securities |
| NBK Capital Role | Joint Bookrunner and Joint Lead Manager |
| Date | April 2015 |
| Company Name | Burgan Bank |
| Deal Size | KD 100,000,000 |
| Deal | 10 year Non-Call-5 Subordinated Tier 2 Bond Issuance |
| NBK Capital Role | Joint Lead Manager and Arranger |
| Date | December 2012 |
| Company Name | Kuwait Projects Company (Holding) (KIPCO) |
| Deal Size | KD 80,000,000 |
| Deal | Senior Unsecured Bond Issuance |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | January 2012 |
| Company Name | Commercial Facilities Company S.A.K |
| Deal Size | KD 50,000,000 |
| Deal | Senior Unsecured Bond Issuance |
| NBK Capital Role | Lead Manager and Bookrunner |
| Date | December 2011 |
| Company Name | United Real Estate Company |
| Deal Size | KD 40,000,000 |
| Deal | Senior Unsecured Bond Issuance |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | June 2010 |
| Company Name | National Industries Group |
| Deal Size | USD 1,500,000,000 Program |
| Deal | Sukuk Al Mudaraba |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | August 2007 |
| Company Name | Injazzat Real Estate Company |
| Deal Size | USD 60,000,000 |
| Deal | Sukuk Al Ijara |
| NBK Capital Role | Lead Manager and Bookrunner |
| Date | July 2007 |
| Company Name | Kuwait Financial Centre (Markaz) |
| Deal Size | USD 100,000,000 |
| Deal | Senior Unsecured Bond Issuance |
| NBK Capital Role | Joint Lead Manager and Bookrunner |
| Date | July 2007 |