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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

NREC eyes Islamic bonds

Posted on 01 June 2011

Kuwait’s National Real Estate Co. (NREC) is looking to sell conventional or Islamic bonds to reschedule debt, its chief financial officer said. NREC, which owns a 22.4 percent stake in Kuwaiti logistics firm Agility, is also trying to sell some of its non-core investments to reschedule 200 million dinars ($727 million) of debt, Ahmed Harfoush told Reuters in an interview late on Monday.
He said that the firm is in talks with consultants about a bond sale but said the project was still at the early stages……………………………………….Full Article: Source

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