Al Ahli Bank of Kuwait sets initial price guidance for dollar bond
Al Ahli Bank of Kuwait has set initial price guidance for a USD-denominated bond in the 175 bps over mid-swaps area. The senior unsecured, Regulation S registered bond has a five-year tenor and will be of benchmark size, which conventionally means upwards of USD500mn. The bond is expected to price later on Wednesday. Al Ahli Bank of Kuwait is rated A2 by Moody's and A+ by Fitch.
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