Financial and Banking News
BUDGETS AND REVENUES
Debt Settlement Will Cost Kuwaiti Government $900mn in Interest in 1992
The Kuwaiti Government will pay the commercial banks $900mn during 1992 asinterest on the bonds it issued earlier this year to buy out the banks' bad debtportfolios. Figures released by the nine banks which have participated in thebond-for-bad debt swap show that bonds worth KD5.443bn ($18.2bn) have beenissued. The government has agreed an...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!