"Kuwait's United Real Estate Co said on Monday it had raised 60 million dinars ($211.9 million) in a bond sale which it would mainly use to refinance existing paper.
The sale of the five-year bonds, which were issued in fixed and floating rate tranches, was oversubscribed by almost 50 percent, the company said in a statement.
One tranche will pay a fixed annual rate of 5.75 percent while the other will pay 3.25 percent over the central bank's discount rate, it said. The bonds will mature in June 2018."
'via Blog this'
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