VOL. XXXIX

No. 30

22-April-1996

CAPITAL MARKETS

UBK In First Asset-Backed Security Placement In Kuwait

London-based United Bank of Kuwait (UBK) has lead- managed a successful private placement of asset- backed bonds worth KD8.25mn ($27.56mn) on behalf of the Kuwaiti National Investments Company (NIC). The deal is the first asset-backed security placement to be undertaken in Kuwait and was co-lead managed by Kuwait Foreign Trading and Investments Company (KFTCIC). The placement was...