AMEinfo EXPERTS
by Ali Nehme
Publicis Media Middle East


by Reda Raad
TBWA\RAAD


VIEW ALL EXPERTS

Kuwait’s National Industries Group gets regulatory nod for OMR25m bond

April 19, 2016 6:22 pm


Kuwait’s National Industries Group (NIG) said on Tuesday it had received regulatory approval to raise 25 million dinars ($82.9 million) through a bond sale.

 

The transaction will have a lifespan of five years and pay a floating rate coupon of 2.5 percent over the local benchmark rate, NIG said in a bourse filing.

 

The conglomerate with interests in petrochemicals, oil & gas services, utilities, real estate, financial services and other sectors, did not name the arrangers of the bond sale, or state when the bond would be sold. ($1 = 0.3015 Kuwaiti dinars)

Reuters
By Reuters
A division of Thomson Reuters, Reuters is an international news agency headquartered in London, England, and provides up-to-the-minute news and views on global and regional events.

AMEinfo EXPERTS
by Ali Nehme
Publicis Media Middle East


VIEW ALL EXPERTS
s