Wednesday, 14 December 2011 at 18:43, Reuters, Dubai
The last time a Kuwaiti firm issued a local currency bond was in June 2010 by United Real Estate Company. (BLOOMBERG)
Kuwait's Commercial Facilities Company (CFC), a consumer credit firm, has priced a 50 million dinar ($180m) bond, sole lead manager NBK Capital said on Wednesday.
The four-year amortising floating rate bond priced at par at a spread of 140 basis points above the Central Bank of Kuwait's discount rate and is the first local currency offering in Kuwait this year.
The roadshow process for the bond began on October 23 and ran until November 12, with subscription running until December 1.
The last time a Kuwaiti firm issued a local currency bond was in June 2010, when United Real Estate Company, a subsidiary of Kuwait Projects Company, issued a 40m dinar two-tranche piece.
Your comments