VOL. XLI

No. 30

27-July-1998

KUWAIT

NIC To Launch KD35Mn Bond

The Kuwaiti National Industries Company (NIC), the fourth largest company listed on theKuwaiti Stock Exchange and the largest publicly traded industrial company, will launch aKD35mn ($114.2mn) bond next September, according to a press release from Gulf InvestmentCorporation (GIC), which along with the Kuwait Financial Centre was awarded the jointmandate to arrange the issue. The 3-year issue will have an interest rate of 77/8%.The...