Kuwaits National Industries Group Issues $60Mn Note
Kuwait-based National Industries Group Holding (NIG) issued a $60mn, five-year floating rate note on 6 May. It was arranged and lead managed by Gulf International Bank (GIB) and Citigroup, with the latter also acting as the fiscal and payment agent. The note pays a margin of 90 bps over libor and the proceeds will be used by NIG for general corporate purposes. The issue was fully subscribed, with...