Middle East Economic Survey
VOL. LII
No 44
2-Nov-2009
KUWAIT
NBK Signs $279mn Loan Agreement With KIPCO
The National Bank of Kuwait (NBK) has signed a loan agreement, worth KD80mn ($279mn), with Kuwait Projects Company (KIPCO), to finance the companys projects for a period of five years. The loan, which matures in 2014, precedes the $500mn seven-year international bond which KIPCO issued earlier this year. This deal is consistent with our strategy of actively managing our funding base through...
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