Kuwait-Mubasher: The Capital Markets Authority (CMA) in Kuwait granted its approval to National Industries Group Holding to issue bonds, according to an issued statement.
The company, which is listed on KSE and DFM, will handle the issuance and marketing of not more than KWD 25 million ($82.75 million).
The bonds will have a floating interest of 2.5% above the discount price which is announced by the Central Bank of Kuwait, with a five-year maturity period starting from the issuance date.
National Industries will witness an increase in debts due to the bonds issuance.
