Equate Petrochemical raises USD1.6 bln via dual-tranche bonds

Equate Petrochemical raises USD1.6 bln via dual-tranche bonds
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
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26.05.2020

MOSCOW (MRC)В -- Kuwait's Equate Petrochemical Company has recentlyВ raised USD1.6 billion through a dual-tranche bond offeringВ in the first public issuance in international debt markets by a Gulf company since February, reported Reuters.The company sold USD1 billion in five-year bonds with a 5% coupon and USD600 million in 10-year bonds at 5.875%, a document from one of the banks leadin

Full article at mrcplast.com

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