Mubasher: Kuwait Projects Holding (KIPCO) received the Capital Markets Authority’s (CMA) approval for the prospectus offered regarding issuing and marketing debt’s instruments in Kuwait.

On 11 December, the CMA has approved KIPCO’s prospectus to issue bonds worth a maximum of KWD 100 million, according to a bourse statement issued on Wednesday.

The maturity for these bonds issue is seven years starting from the issuance date.

The issuance will be undertaken through two tiers, fixed and floating, with a maturity period of seven years.