VOL. XXXVII
NO. 12
20-DECEMBER-1993
Financial and Banking News
Regional Financing
NBK Underwrites Kuwait Real Estate Bank Bond Issue
The National Bank of Kuwait (NBK) announced on 12 December that the KuwaitReal Estate Bank (KREB) will issue KD15mn in fixed five-year bonds at 7 and1/8%, the largest such issue in Kuwait since before the Iraqi invasion of August1990. NBK will underwrite the issue, which will be used to finance KREB's mediumand long-term operations. The bonds will be issued at a price...
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