VOL. XXXVII
NO. 34
23-MAY-1994
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...
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