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Kamco to get $75m loan

Kuwait City, July 9, 2007

Kipco Asset Management Company (Kamco) will sign a three-year deal for a $75 million syndicated loan to help settle loans and finance operations, the firm said.

Kamco did not name the creditors in a statement, but said they are regional lenders.

The loan has a 1.25 per cent interest above LIBOR, the statement added.

Kamco is a unit of conglomerate Kuwait Projects Company. 




Tags: Kipco Asset Management Company | Kamco |

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