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International bonds: Kuwait Projects Company Holding (KIPCO), 9.375% 15jul2020, USD
XS0526235535

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Issue
Issuer
  • M
    -
    ****
  • S&P
    -
    ****
  • F
    -
    -*
*in foreign currency
Status
Matured
Amount
500,000,000 USD
Placement
***
Early redemption
*** (-)
Country of risk
Kuwait
Current coupon
***%
Price
***%
Yield / Duration
-
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Issue information

Profile
Kuwait Projects Company (Holding), popularly known as KIPCO, is one of the premier investment holding companies in the Middle East and North Africa (MENA) region. KIPCO has substantial ownership interests in a diversified portfolio of companies ...
Kuwait Projects Company (Holding), popularly known as KIPCO, is one of the premier investment holding companies in the Middle East and North Africa (MENA) region. KIPCO has substantial ownership interests in a diversified portfolio of companies in Europe, the Middle East, and the USA. The group focuses on two core business sectors - financial services and media & telecommunications. In addition, it has interests in the real estate, industrial, and management & advisory services sectors.
Volume
  • Amount
    500,000,000 USD
Nominal
  • Minimum Settlement Amount
    100,000 USD
  • Outstanding face value
    *** USD
  • Par amount, integral multiple
    *** USD
  • Nominal
    1,000 USD

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count fraction
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Delay days
    *** days
  • Maturity date
    ***
  • Early redemption date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Placement

  • Placement method
    Open subscription
  • Order book
    *** (***) - *** (***)
  • Coupon (Yield) Guidance
    ***% - ***% (*** - ***%)
  • Issuer rating on issue date (M/S&P/F)
    *** / *** / -
  • Placement
    *** - ***
  • Initial issue price (yield)
    (***%)
  • Bids
    *** USD
  • Number of bids
    ***
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • Listing
    ***
Participants
  • Bookrunner
    ***, ***, ***

Conversion and exchange

  • Convertion date
    ***
  • Initial premium
    ***%
  • Convertible until
    ***
  • Lock-up
    *** days
  • Conversion terms
    ***

Additional information

***

Latest issues

News

15/12/2020 S&P Global Ratings downgrades Foreign Currency LT credit rating of Kuwait Projects Company Holding (KIPCO) to "BB"; outlook negative
15/12/2020 S&P Global Ratings downgrades Local Currency LT credit rating of Kuwait Projects Company Holding (KIPCO) to "BB"; outlook negative
22/04/2020 S&P Global Ratings downgrades Local Currency LT credit rating of Kuwait Projects Company Holding (KIPCO) to "BB+"; outlook negative
22/04/2020 S&P Global Ratings downgrades Foreign Currency LT credit rating of Kuwait Projects Company Holding (KIPCO) to "BB+"; outlook negative
17/01/2020 Moody's Investors Service revised outlook on Kuwait Projects Company Holding (KIPCO) to negative and affirmed at "Baa3" (LT- foreign currency) credit rating
17/01/2020 Moody's Investors Service revised outlook on Kuwait Projects Company Holding (KIPCO) to negative and affirmed at "Baa3" (LT- local currency) credit rating
23/10/2019 New bond issue: Kuwait Projects Company Holding (KIPCO) issued international bonds (XS2071383397) with a 4.229% coupon for USD 500.0m maturing in 2026
24/05/2018 S&P Global Ratings revised outlook on Kuwait Projects Company Holding (KIPCO) to negative and affirmed at "BBB-" (Foreign Currency LT) credit rating
24/05/2018 S&P Global Ratings revised outlook on Kuwait Projects Company Holding (KIPCO) to negative and affirmed at "BBB-" (Local Currency LT) credit rating
17/02/2017 New bond issue: KIPCO issued international bonds for USD 500.0m maturing in 2027 with a 4.5% coupon.
All organization news

Stocks

Identifiers

  • Registration
    ***
  • Date of program registration
    ***
  • ISIN
    XS0526235535
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • Common Code
    052623553
  • CFI
    DTFNFR
  • FIGI
    BBG0000FC0P4
  • WKN
    A1AY4F
  • SEDOL
    B44VNF2
  • Ticker
    KWIPKK 9.375 07/15/20 EMTN
  • Type of security by CBR
    ***

Ratings



Bond classification

  • Registered
  • Coupon bonds
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Floating rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Indexed
  • Supranational bond issues
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Subordinated
  • Sukuk
  • Trace-eligible

Restructuring

***

***