Kuwait's Global Investment House (GLOB.KW) said it would provide its bondholders with security, and has no intention to extend the maturity of three of its outstanding bonds, the first of which matures in December.
"The company plans to settle the bonds as they mature in 2009, 2012 and 2013. Therefore, no extension was sought to the bonds maturity," Global said in a statement on Thursday.
The three bonds are worth 115 million dinars ($403.1 million), it said.
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