VOL. XL No. 2019-May-1997


KREB To Issue Bonds

Kuwait Real Estate Bank (KREB) will issue KD20mn ($67mn) of 5-year bonds on 25May pending the maturity of a previous KD20mn issue of three-year bonds executedin May 1994 (MEES, 28 April). The forthcoming issue is being lead-managed byNational Bank of Kuwait, which has applied to have the bonds listed on theKuwait stock exchange. The new five-year bonds will pay interest of 7.75%semi-annually, while the maturing three-year issue carried a...