VOL. XXXI

NO. 1

12-OCTOBER-1987

Financial and Banking News

LOANS AND ISSUES

KIIC Issues New Bond

The Kuwait International Investment company (KIIC) last week arranged andissued a seven-year issue of KD10mn in its own favor on the local market. Theissue is the smallest and has the longest maturity of the new issues since theKD bond market reopened earlier this year, but in common with earlier issuesit also carries a 7.5% coupon. Participating in the issue were a total of 18institutions, namely...