THE DEBT CAPITAL MARKETS

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 NameBurgan Bank
Deal SizeKD 100,000,000
DealSenior Unsecured Bond Issuance
NBK Capital RoleJoint Lead Manager and Bookrunner
DateDecember 2018
Company Name Kuwait Projects Company (Holding)
Deal SizeKD 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 NameEQUATE Petrochemical Co.
Deal SizeUSD 500,000,000
DealTrust Certificate (“Sukuk”) Issuance Programme
NBK Capital RoleGlobal Coordinator and Joint Lead Manager
Date February 2017
Company NameEQUATE Petrochemical Co.
Deal SizeUSD 2,250,000,000
Deal Global Medium Term Note (“GMTN”) Program
NBK Capital RoleGlobal 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 NameBurgan Bank
Deal SizeKD 100,000,000
Deal10 year Non-Call-5 Subordinated Tier 2 Bond Issuance
NBK Capital RoleJoint Lead Manager and Arranger
DateDecember 2012
Company NameKuwait Projects Company (Holding) (KIPCO)
Deal SizeKD 80,000,000
DealSenior Unsecured Bond Issuance
NBK Capital RoleJoint Lead Manager and Bookrunner
Date January 2012
Company NameCommercial Facilities Company S.A.K
Deal SizeKD 50,000,000
DealSenior Unsecured Bond Issuance
NBK Capital RoleLead Manager and Bookrunner
Date December 2011
Company NameUnited Real Estate Company
Deal SizeKD 40,000,000
DealSenior Unsecured Bond Issuance
NBK Capital RoleJoint Lead Manager and Bookrunner
DateJune 2010
Company NameNational Industries Group
Deal SizeUSD 1,500,000,000 Program
DealSukuk Al Mudaraba
NBK Capital RoleJoint Lead Manager and Bookrunner
DateAugust 2007
Company NameInjazzat Real Estate Company
Deal SizeUSD 60,000,000
DealSukuk Al Ijara
NBK Capital RoleLead Manager and Bookrunner
DateJuly 2007
Company NameKuwait Financial Centre (Markaz)
Deal SizeUSD 100,000,000
DealSenior Unsecured Bond Issuance
NBK Capital RoleJoint Lead Manager and Bookrunner
DateJuly 2007