The new bond, which will have a 10-year maturity, will be part of KIPCO's existing $3 billion euro medium term note programme.
Citi, HSBC, Kamco and JP Morgan have been appointed to arrange the debt offer, which will be issued by KIPCO's subsidiary Kuwait Projects Co SPC Ltd, registered at the Dubai International Financial Centre.
Holders of the notes will be able to sell them for cash to HSBC at a price of 105.250 percent.
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