Mubasher: KAMCO Investment was granted the Capital Markets Authority’s (CMA) approval of the prospectus submitted to issue and promote for unsecured debt securities inside Kuwait at a total value of KWD 40 million ($132.3 million) or less.
Issuing the unsecured debt bonds will be through two tiers, fixed and floating, with a maturity period not exceeding five years since the issue date, according to a bourse statement on Sunday.
It has added that KAMCO and the Gulf Bank of Kuwait (GBK) will play the lead managers of this bond issue.
