Kuwait’s Kipco sets up $2 billion trust certificate program

By Marisa Wong

Los Angeles, June 16 – Kuwait Projects Co. Sukuk Ltd. (Kipco) announced it published an offering circular for a $2 billion trust certificate issuance program.

KFH Capital is the structuring agent and a global coordinator along with Kamco Invest. KFH Capital, Kamco Invest and Warba Bank are the arrangers and dealers under the program.

Securities issued under the program will be listed on the London Stock Exchange.

Kipco is a Kuwait City-based public investment holding company for a diverse group of businesses.

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