KAMCO issues KWD 40 million bond.
Kuwait-based, KAMCO Investment Company (KAMCO), has issued KWD 40 million, five-year tenure bond.
Khaled Fouad, Chief Investment Officer of KAMCO, said that proceeds from the issuance will be used for financing the future activities of the company.
KAMCO and Gulf Bank are the joint lead managers and arrangers for the debt securities issuance and the transaction was well received by investors, which witnessed by a strong oversubscription which was covered in a period of three days.
Capital Intelligence Ratings recently assigned its BBB investment grade ratings on KAMCO, reported local daily, Kuwait Times .
[c] 2018 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Date:||Jul 29, 2018|
|Previous Article:||Global Economy likely to continue rewarding stock tilted investment portfolios.|
|Next Article:||Islamic banks to benefit most from Saudi rate rises, says Fitch Ratings.|