Kuwait's National Industries receives CMA’s nod to issue $98.62mln bonds

These bonds should carry a period not longer than five years starting from the issuance date

  
Image used for illustrative purpose. In this Photo Illustration, Twenty and five dollar bills are displayed on August 29, 2017 in San Anselmo, California.

Image used for illustrative purpose. In this Photo Illustration, Twenty and five dollar bills are displayed on August 29, 2017 in San Anselmo, California.

Gettyimages/Justin Sulliva
Kuwait - The National Industries Group Holding has received approval from Kuwait’s Capital Markets Authority (CMA) to issue debt securities in the form of bonds at a nominal value not exceeding KWD 30 million ($99 million).

These bonds should carry a period not longer than five years starting from the issuance date.

National industries Group is interested in issuing and marketing such securities in Kuwait, the company disclosed to Boursa Kuwait and the Dubai Financial Market (DFM) on Sunday.

The prospectus will be drafted as per the provisions of Law No. (7) of 2010 and its executive regulations and amendments.

Source: Mubasher

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