The bank announced in a statement For the Kuwait Stock Exchange These bonds are perpetual and callable six months before the first interest rate re-instatement date, which is five and a half years from the date of issuance.
He added that the price Interest Fixed at 6.5 percent from the date of issuance until the first interest rate reset date, payable annually, and then the interest rate is reset every five years at the US five-year interest rate plus a margin.
And it was National Bank of KuwaitEarlier, it revealed that net profits rose by 11 percent in the second quarter of this year, reaching 14.534 million dinars ($47.58 million) compared to 13.128 million dinars a year ago.
