Financial and Banking News


KFTCIC Issue Increased

The bond issue launched earlier this month (MEES, 7 September) for Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC) has been increased from KD20mn to KD25mn as a result of strong demand from institutional investors. The issue price was also increased to 100.5%, as compared with the par price originally filed in the Official Gazette. The issue was lead managed by KFTCIC and National Bank of Kuwait (NBK)...