Financial and Banking News


NBK Arranges World Bank loan in KD Bond Market

The National Bank of Kuwait (NBK) is to arrange and lead manage a seven year KD 30mn ($106mn) bond issue for the International Bank for Reconstruction and Development (IBRD). The bonds, which carry a coupon of 7.5%, mature on 20 July 1994 with provision for early redemption, and application is being made for the bonds to be listed on the Kuwaiti Stock Exchange. The signing of the subscription...