Financial and Banking News


NZI Overseas Finance has issued a $50mn convertible bond for which the National Bank of Kuwait acted as a co- manager. The notes mature in 1994, carry a 10.5% coupon and a 16% conversion premium for the first two years, dropping to 10% for the next two years and then to 4% until maturity.

Tokyo Sanyo Electric Company: Kuwait International Investment Company (KIIC) acted as a co-manager on a $100mn convertible bond issue for this borrower. The...