Kamco Invest acts as Joint Lead Manager for the largest KWD denominated bond issuance in the real estate sector
The bonds mature in 2028 and were issued in two tranches, the first with a fixed rate at 7% per annum, payable on a quarterly basis, and the second tranche with a floating rate at 3% above the Central Bank of Kuwait (CBK) Discount Rate with a condition that the maximum limit of the floating rate doesn’t exceed 1% per annum above the fixed rate.