VOL.XXXIXNo. 6416-December-1996KUWAIT

KuwaitRepays Final Instalment Of $5.5Bn Loan The Kuwait Investment Authority (KIA) said last week that it hadrepaid the final instalment of $786mn which wasstill outstanding on the $5.5bn sovereign loanmade to Kuwait in December 1991. With the full repaymentof the loan, Kuwait will have no outstandinglong-term foreign debts. The loan was arranged by J.P. Morgan andNational Bank of Kuwait was the local adviser.Repayment was in seven equal quarterly...