Kuwait – Mubasher: Burgan Bank, acting as the financial agent for Alargan International Real Estate’s bonds, said that Alargan has submitted a request to cancel 1,828 of its bonds.

The bonds have maturity date on 11 April, 2017, the company said in a recent statement.

It is noteworthy that the KWD 9.14 million ($29.84 million) worth bonds were purchased by Alargan and held at KAMCO Investment, the statement noted.