|Status||Country of risk||Maturity (option)|
This field shows outstanding face value amount for outstanding bonds
|Issue ratings (M/S&P/F)|
|early redeemed||Kuwait||**/**/****||500,000,000 USD||***/***/***|
|Bond type||Coupon bonds|
|Placement method||Open subscription|
The proceeds from the issue of Capital Securities will be used by the Issuer to finance the Loan to the Bank pursuant to the On-Loan Agreement (each as defined in the Conditions) in a form which meets or exceeds the requirements of Tier 1 Capital under the Capital Regulations (as defined in the Conditions), which will be used by the Bank to increase its Tier 1 Capital for the purpose of increasing its capital adequacy and for its general corporate purposes.
|Par amount, integral multiple||1,000 USD|
|Nominal of international bonds||1,000 USD|
|Minimum settlement amount||200,000 USD|
|Outstanding principal amount||200,000 USD|
|Early redemption date||09/30/2019|
|Reference rate||5Y USD Swap Rate|
*.**%; after **.**.**** *Y USD Swap Semi Annual +*.***%;
|Current coupon rate||7.25%|
|Day count fraction||***|
|Coupon frequency||2 time(s) per year|
|Interest accrual date||**/**/****|
|Trading floor||Date and time||Bid/ ask price (Yield)|
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
|10/02/2019||*** / *** (*** / ***)||*** (***)||***||***||Archive|
|Supranational bond issues|
|ISIN / ISIN RegS||XS1106874198|
|Common Code / Common Code RegS||110687419|
|CFI / CFI RegS||DBFQQR|
|FIGI / FIGI RegS||BBG00723LN29|
|WKN / WKN RegS||A1ZQHS|
|Ticker||BGBKKK V7.25 PERP|
|Issuer rating on issue date (M/S&P/F)||***/***/***|
|Initial issue price (yield)||***% ( - )|
|Spread over mid-swaps, bp||***.*|
|Geographic breakdown||UK - **%, Europe - **%, Asia - **%, offshore US - *%|
|Investor breakdown||Fund managers and insurance companies - **%, private banks - **%, banks - **%|
|Bookrunner:||Citigroup, HSBC, JP Morgan, First Abu Dhabi Bank|
|Issuer Legal Adviser (International law):||Dentons|
|Issuer Legal Adviser (Listing law):||Dentons|
|Arranger Legal Adviser (International law):||Allen & Overy|
|Arranger Legal Adviser (Domestic law):||Al Ruwayeh & Partners (ASAR)|
|Issuer Legal Adviser (Domestic law):||The Law Office of Bader Saud Al-Bader and Partners|