Mubasher: Kuwait Projects Holding (KIPCO) said that the Capital Markets Authority (CMA) approved the issuance of bonds regarding the subscription in the State of Kuwait for a total value of KWD 100 million or less.
The issuance will be undertaken through two tiers, fixed and floating, with a maturity period of seven years, according to a bourse statement issued on Monday.
KAMCO Investment, Gulf Bank of Kuwait (GBK), and Watani Investment Co were assigned as lead managers for the issuance, sale, and promotion of the bonds.
