Kuwait Projects completes $500m bond sale

13 July 2010

Kuwait Projects Co (Kipco) has announced it has completed a $500m (KD144m) bond issue under its $2bn Euro Medium Term Note (EMTN) Programme. The proceeds of the issue will be used to extend the company's maturity profile and further diversify the firm's investor base, Kipco said. The transaction is the first global issue by a private company in the Middle East and North Africa this year.

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