First published: 19-Dec-2025 08:31:39
Staff Writer
Kuwait Financial Centre (Markaz) has completed a private placement of bonds worth KWD 35 million ($114.1 million), marking the first tranche of its KWD 50 million senior unsecured bond programme.
The bonds have a five-year tenor, maturing on December 17, 2030. The issuance is split into two equal portions: one carrying a fixed annual coupon of 5.25%, and the other offering a floating rate of 2% over the Central Bank of Kuwait’s discount rate.
Proceeds from the issuance will be used for general corporate purposes, including repayment of borrowings.
(Writing by Cleofe Maceda; Editing by Brinda Darasha)
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