"The bonds carry a fixed rate coupon of 8.875%, and priced at a spread of 608 bps over the US dollar mid-swap curve," the company said in a statement.
BNP Paribas, Goldman Sachs and JP Morgan were arranging the issue.END
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Wednesday, 7 October 2009
Kuwait's Kipco US$500 bond oversubscribed
Kuwait Projects Co., Kipco, the countrys largest non state-owned investment firm, said on Tuesday its seven-year US$500 million benchmark bond drew orders worth US$3.3 billion.
"The bonds carry a fixed rate coupon of 8.875%, and priced at a spread of 608 bps over the US dollar mid-swap curve," the company said in a statement.
BNP Paribas, Goldman Sachs and JP Morgan were arranging the issue.END
"The bonds carry a fixed rate coupon of 8.875%, and priced at a spread of 608 bps over the US dollar mid-swap curve," the company said in a statement.
BNP Paribas, Goldman Sachs and JP Morgan were arranging the issue.END
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