Financial And Banking


Burgan Leads First KD Bond of 1986 

Burgan Bank and Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC) are lead managers of the first RD bond issue of the year, a KD2mn issue by International Financial Advisors (IFA), a local investment and financial services company. The bonds mature in 1991 and are guaranteed by Burgan Bank, with a 8.25% coupon. Issue price is 100% and the payment date is 31 March, after which the bonds will...