NO. 34


Capital Markets

Capital Bond Issue For Kuwait Real Estate Bank Oversubscribed

Markets Kuwait Real Estate Bank's KD20mn ($68mn) bond issue was about one anda half times oversubscribed by the time marketing ended in advance of 'Id al-Adhaholiday. Theissue was managed by National Bank of Kuwait (NBK) and was due to beclosed and signed on 25 May. The bonds have a coupon of 6.5% and will be issuedat a small discount to yield around 6.6%. They have a three year maturity...