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FINANCIAL NEWS
Kuwait’s KIPCO closes bond issuance of USD286m
16 Jan 2012
(MENAFN) A manager at Kuwait Projects Co. (KIPCO) stated that the company closed a bond issuance worth USD286 million, reported Arab News.
The issuance came at a floating-rate portion priced at 200 basis points over the Central Bank of Kuwait’s discount rate. The fixed-rate piece was set at 4.75 percent.
The manager said that among the investors in the two tranches of four-year paper were government funds, banks, companies and individuals.
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