Kuwait's KIPCO has no imminent issuance plans after upgrading bond programme | ZAWYA MENA Edition:
Kuwait Projects Co (KIPCO), the Gulf state's largest listed investment company, has no imminent plans to issue U.S. dollar-denominated bonds but will keep monitoring the market closely, said a company executive.
KIPCO last week updated its bond programme, under which it may issue bonds worth up to $3 billion.
HSBC has been hired as arranger and dealer for the programme, with other dealers including Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, KAMCO Investment Company and MUFG.
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