Citigroup Global Markets Limited, HSBC Bank plc and J.P. Morgan Securities plc acted as the arrangers and joint lead managers and Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, HSBC Bank plc, J.P. Morgan Securities plc, Standard Chartered Bank and Watani Investment Co. KSCC (NBK Capital) acted as dealers. Clifford Chance LLP advised the State of Kuwait as to English law and Unites States law. Mr. Rob Little – Counsel at ASAR noted that: "We are delighted to have been involved in the establishment of Kuwait's GMTN Programme and its dual-tranche inaugural issuance thereunder. We have a long and established history of acting as Kuwait law counsel in high quality debt capital market transactions, and this sovereign bond issuance is no exception."