VOL. XXXVIIINO. 1112-DECEMBER-1994
Financial and Banking News
Capital Markets
KIIC Reaches Agreement With Bond Holders
Kuwait International Investment Company (KIIC) signed an agreement with itsbond holders on 27 November concerning the repayment of a KD10mn ($34mn) bondissue which fell due in October. The creditors will receive 40% of what they areowed in cash and the remainder in shares. Half the shares will be in CommercialBank of Kuwait and half in the local International Transport Equipment...
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