Gulf Insurance Group raises KWD 60mln for Kuwait's first perpetual bond in KWD and first bond issued by an insurer

Gulf Insurance Group has announced  the successful issue of KWD 60 million Perpetual non-call 5 subordinated Tier 2 bonds, representing its debut issuance in the debt capital markets. The issue attracted a large number of local institutional and qualified investors and achieved an oversubscription in a short period, signifying GIG’s financial…