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IC - News Briefs - May 01, 2019
UAE-based ADES Intl. Holdings, which provides oilfield services in select Middle Eastern and North African countries, sold $325 million in 8.625% senior secured notes due 2024 at 100. The bonds, issued April 24, comprise the only debt outstanding for the new B+ rated issuer, according to Standard & Poor’s. Kuwait's government has approved its NOC Kuwait Petroleum Corp.’s plan to borrow from various financial institutions to fund investments over the next five years, according to state news agency KUNA. KPC is also set to receive more......
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