# KIPCO Repays $353.98 Million of $500 Million EMTN Bond Ahead of Maturity

> KIPCO repaid $353.98 million of its $500 million EMTN bond ahead of maturity, funded from existing resources.

- Published: 2026-11-01T19:52:21+00:00
- Section: Dividends & Buybacks
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-01/kipco-repays-emtn-bond
- Source: [Kuwaittimes](https://kuwaittimes.com/article/52787/business/kipco-completes-repayment-of-500-million-emtn-bond/)

## Key takeaways

- KIPCO repaid the outstanding $353.98 million of its $500 million EMTN bond ahead of its scheduled maturity date.
- The repayment was funded entirely from KIPCO's existing resources, with no refinancing required.
- KIPCO's EMTN program, launched in 2006 at $2 billion and later increased to $3 billion, remains in place.

KIPCO – Kuwait Projects Company (Holding) – repaid the outstanding $353.98 million of its $500 million Euro Medium Term Note bond ahead of its scheduled maturity date, the company said. The [Kuwait Times](https://kuwaittimes.com/article/52787/business/kipco-completes-repayment-of-500-million-emtn-bond/) reported the settlement was funded entirely from the group's existing resources. KIPCO is a Kuwait-based holding company that issued the bond under its EMTN program.

## How KIPCO Funded the Bond Repayment

KIPCO said the repayment required no refinancing and reflected its liquidity position and its approach to managing financial obligations. The settlement comes amid continued uncertainty in global financial markets and elevated borrowing costs.

Moustapha Chami, KIPCO's Group Chief Financial Officer, said: "The repayment of this bond reflects the strength of our liquidity position and our disciplined approach to liability management. Our ability to meet this obligation in full, without resorting to refinancing, is particularly significant in the current market environment. This repayment further reduces our overall debt and associated financing costs, while preserving the financial flexibility needed to support the Group's strategic priorities."

KIPCO [launched its EMTN program](http://kipco.com) in 2006 with an initial size of $2 billion, subsequently increased to $3 billion. The program remains in place, giving the group access to international debt markets as and when appropriate, in line with its financing strategy.

## KIPCO's Earlier Debt and Capital Moves

In May 2026, KIPCO held its Annual General Assembly, approving a 3% stock dividend and electing a new board, Zawya reported. Net profit rose 4.4% for 2025, with revenue up 3.1% and assets up 6.5%, and the company reduced debt by $304.1 million through a cash tender.

In September 2026, KIPCO reaffirmed its commitment to Burgan Bank as the bank proceeded with a rights issue of up to KD 50 million, the Kuwait Times reported. The issue involved 277.78 million new shares at 180 fils each.

## Debt Repayments Elsewhere in the Sector

Quarterhill Inc. Repaid in full its CAD $57.5 million convertible debentures on October 30, 2026, including accrued interest, [PR Newswire](https://www.prnewswire.com/news-releases/quarterhill-announces-repayment-of-convertible-debentures-302924415.html) reported. The debentures will be delisted from the Toronto Stock Exchange effective at market close.

Fleury will redeem all of its 8th issuance debentures on Thursday, [InfoMoney](https://www.infomoney.com.br/mercados/fleury-flry3-realizara-o-resgate-antecipado-das-debentures-da-8a-emissao/) reported. The payment will include the nominal value, accrued remuneration, pending charges and a premium set in the issuance deed.

Repsol agreed to buy back €250 million of hybrid perpetual bonds, [Eleconomista](https://www.eleconomista.es/energia/noticias/14022681/10/26/repsol-recompra-bonos-por-valor-de-250-millones-y-optimiza-su-balance-financiero.html) reported. The buyback, priced at 100.704% of nominal, costs €251.76 million and eliminates annual coupon payments of about €10.6 million.

## Repsol's November Results Date

Repsol will report results on November 29, Eleconomista reported.

## Companies in this story

- KIPCO group · website: http://kipco.com

---
News for Agent · https://newsforagent.com/llms.txt