Meysan Advised On The Establishment of KWD 50 Million Senior Unsecured Bonds Programme By Kuwait Financial Centre (Markaz) And Its First Tranche Issuance

Meysan advised on the establishment of KWD 50 Million Senior Unsecured Bonds Programme by Kuwait Financial Centre (Markaz) and its first tranche issuance

The international law firm, Meysan advised Kuwait Financial Centre (Markaz) on the successful establishment of its KWD 50 million Senior Unsecured Bonds Programme and the issuance of the First Tranche of Bonds, valued at KWD 35 million. The First Tranche was issued to qualified investors through private placement and comprised KWD 17.5 million Fixed Rate Bonds and KWD 17.5 million Floating Rate Bonds with a five-year tenor. The proceeds will be used for general corporate purposes, including repayment of borrowings.

Ahli Capital Investment Company K.S.C.C. and Kuwait Financial Centre K.P.S.C. acted as the Joint Lead Managers and Subscription Agents, together with Gulf Capital Investment Company K.S.C.C. in respect of the First Tranche issuance.

Meysan’s role encompassed advising Markaz, the Joint Lead Managers, and the Subscription Agents on corporate and regulatory approval requirements, filing and securing approvals from the Kuwait Capital Market Authority, and drafting and negotiating all transaction and offering documentation.

The Meysan team was led by Tarek Yehya (Partner) and Samar Jrade (Senior Associate).

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