01.06.2011 - NREC eyes Islamic bonds
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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