National Bank of #Kuwait sells $750 mln of perpetual bonds - Reuters

National Bank of Kuwait sells $750 mln of perpetual bonds - Reuters:

National Bank of Kuwait (NBK) sold $750 million of perpetual bonds offering a 4.5% yield, a document by one of the banks leading the deal showed on Thursday.

Citi, JPMorgan, NBK Capital and Standard Chartered were hired as global coordinators to arrange the issue.

Perpetual bonds are similar to an equity instrument in that they have no maturity date.