A project by Alargan International Real Estate (Photo Credit: Arabianeye-Reuters)
ARGAN
ARGAN
1.25%
72.90
0.90
ARGAN
Kuwait-Mubasher: Alargan International Real Estate will repurchase bonds accounting for 101% of the bond’s nominal value which stands at KWD 5,000.
The buyback includes 720 bonds at a value of KWD 3.64 million, according to a statement issued on Wednesday.
These fixed-rate bonds have a coupon rate of 6.25% annually.
Alargan’s repurchase process will lead to a reduction of the existing bonds to 3,522 worth KWD 17.61 million, due on 11 April, 2017.
Furthermore, the buyback will reduce finance expanses for FY16 by about KWD 76,400.
Source:
Mubasher