Financial and Banking News


KFTCIC Issues KD Bond

The government-owned Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC) last week issued KD20mn ($70mn) worth of seven-year notes, reinforcing the trend apparent in the renascent KD bond market to return to local issues after the KD20mn issue by Kuwait Investment Company (KIC) last month. KFTCIC's issue is lead managed by itself, in conjunction with the National Bank of Kuwait (NBK). it is for 7.5%...