Kuwait-Mubasher: Kuwait Projects Holding (KIPCO) is currently planning on issuing bonds worth $500 million (KWD 150.43 million) outside Kuwait, according to a statement on Wednesday.
The company noted that the Capital Markets Authority gave nod for the issuance which comes as part of a programme for offering euro medium-term notes (EMTN), with a value standing at $3 billion (KWD 902.636 million).
KIPCO stock settled at 560 fils an hour before the end of Wednesday’s trading session, after about 855,300 shares were exchanged with a value of around KWD 470,500.
