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National Bank of Kuwait S.A.K.P. announces results of tender offer in respect of the outstanding U.S.$750,000,000 Perpetual Tier 1 Capital Securities issued by NBK Tier 1 Financing (2) Limited
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
About this update from National Bank Of Kuwait K.s.c.
[{"type":"text","content":"KUWAIT CITY, July 9, 2025 /PRNewswire/ --","length":41,"tagName":"p"},{"type":"text","content":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.","length":189,"tagName":"p"},{"type":"text","content":"National Bank of Kuwait S.A.K.P. (the "Offeror") today announces the results of its invitation to the holders of the outstanding U.S.$750,000,000 Perpetual Tier 1 Capital Securities issued by NBK Tier 1 Financing (2) Limited (the "Issuer") (ISIN: XS2010037922 (Regulation S) and US62878WAA62 (Rule 144A)) (the "Existing Capital Securities") to tender for cash purchase any and all of such Existing Capital Securities by the Offeror (the "Invitation").","length":501,"tagName":"p"},{"type":"text","content":"The Invitation was announced on 30 June 2025 and was made on the terms and subject to the conditions described in the tender offer memorandum dated 30 June 2025 (the "Tender Offer Memorandum"). The Invitation expired at 17:00 (New York City time) on 8 July 2025. Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum.","length":406,"tagName":"p"},{"type":"text","content":"Final Acceptance Amount","length":23,"tagName":"p"},{"type":"text","content":"The Offeror has received valid tenders for purchase for Existing Capital Securities in an amount equal to U.S.$602,036,000 pursuant to the Invitation. No Existing Capital Securities have been tendered using the Guaranteed Delivery Procedures as set out in the Tender Offer Memorandum. The Offeror has decided to accept for purchase all such Existing Capital Securities validly tendered, with no pro rata scaling, subject to satisfaction of the New Financing Condition (as described in the Tender Offer Memorandum).","length":514,"tagName":"p"},{"type":"text","content":"The Purchase Price the Offeror will pay for the Existing Capital Securities validly tendered and accepted for purchase pursuant to the Invitation will be U.S.$1,000 per U.S.$1,000 in principal amount of such Existing Capital Securities and the Offeror will also pay an amount in cash (rounded to the nearest U.S.$0.01, with half a cent. rounded upwards) equal to...