Mubasher: Kuwait Projects Holding (KIPCO) has repaid bonds valued at KWD 232.8 million (KWD 70.6 million) as on date 5 February 2019.

KIPCO has repaid the five-year bonds in addition to $5.6 million ($1.7 million) representing interests until their maturity date, according to a bourse statement on Wednesday.

These bonds were previously issued in February 2014, KIPCO said.

It is noteworthy that the board members of KIPCO have approved increasing both the issued and paid-up capital within the authorised capital.