Bloomberg News

Argan to End Subscriptions for $95 Mln Bond Tomorrow, Watan Says

April 10, 2012

Al Argan International Real Estate Co. (ARGAN), a Kuwaiti property developer, will end subscriptions for $26.5 million dinars ($95 million) of five-year bonds tomorrow, Al-Watan reported, citing unidentified people familiar with the matter.

The company will use the bond sale, to take place in two installments, to fund continuing projects and future plans, the newspaper said, adding that the sale is managed by Kipco Asset Management Co., Kuwaiti Financial Center and Burgan Bank.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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