DUBAI, March 29 Al Ahli Bank of Kuwait
has set initial price guidance for a U.S. dollar-denominated
bond in the 175 basis points over mid-swaps area, a document
from one of the lead banks showed on Wednesday.
The senior unsecured, Regulation S registered bond has a
five-year tenor and will be of benchmark size, which
conventionally means upwards of $500 million.
Citi, HSBC and National Bank of Abu Dhabi are the joint lead
managers and bookrunners. The bond is expected to price later on
Al Ahli Bank of Kuwait is rated A2 by Moody's and A+ by
(Reporting by Umesh Desai; writing by Davide Barbuscia; Editing
by Andrew Torchia)