Kuwait's NBK plans to sell part of 600 mln dinar loan

March 17, 2016 7:34 AM

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DUBAI, March 17 National Bank of Kuwait (NBK) plans to sell down part of the 600 million dinars ($1.99 billion) it is contributing to Kuwait National Petroleum Company's Clean Fuels Project loan to other banks, it said in a statement on Thursday.

NBK and Kuwait Finance House are leading the arranging of the first tranche of the funding, which includes a 10-year, 900-million-dinar loan.

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