Financial and Banking News

Capital Markets

Bond Issue For Kuwait Projects Company Oversubscribed

The KD12mn bond issue for the Kuwait Projects Company, which closed on 3October, was oversubscribed, but not overwhelmingly so. Bankers involved withthe issue said initial estimates indicated an over-subscription level of 20-50%.The bonds are for five years (falling due on 3 October 1999) and are priced at 81/4%. The minimum subscription was KD5,000. The lead manager was...