Kuwait Projects Company (Kipco) is meeting fixed-income investors this week to garner interest ahead of a potential dollar bond issue.
Kipco, the largest investment firm in Kuwait, which has an investment-grade credit rating, is being advised by Frances BNP Paribas, the US Citi bank and JP Morgan, the UKs HSBC as arrangers for the roadshow. A dollar bond could follow subject to market conditions, according to UK news agency Reuters, which cited a document from the lead arrangers on the deal.
The first meeting will be held in Singapore, followed by talks in Hong Kong and London. The roadshow will conclude in Frankfurt on 5 March.