VOL. XXXVIIINO. 821-NOVEMBER-1994
Financial and Banking News
Kuwait International Investment Company Nears Deal With Bond Holders
Kuwait International Investment Company (KIIC) is moving towards a settlementwith holders of its 1987 bonds, which went into default when they were due to berepaid on 15 October. The total involved is KD10mn ($34mn). MEES understandsthat some of the bond holders have accepted an offer from KIIC to pay, in asingle installment, 40% of the amount due in...