Wednesday, Jan 11, 2012
BEIRUT (Zawya Dow Jones)--Kuwait's Alargan International Real Estate Co. Wednesday said it has received the approval of the country's Capital Markets Authority to issue up to 26.5 million Kuwaiti dinars ($94.9 million) in bonds.
The five-year bonds will be issued in two tranches, the property developer said in a statement posted on the Kuwait bourse website.
The company, also known as Alargan Group, didn't disclose what it planned to do with the money raised.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
11-01-12 0854GMT
