Strong demand for Kuwait’s Kipco
The first US dollar issue from a Kuwaiti institution for two years closed more than six times oversubscribed on Tuesday, when Kuwait Projects Company, the holding company that operates in the financial services, media and telecoms, real estate, management and advisory and industrial sectors, issued a $500m seven year with an 8.875% coupon. With few recent comparables, was pricing on the mark? See Friday’s EuroWeek to find out as well as latest details of Lithuania’s dollar issue.
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