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Sunday, 9 October 2016

Kuwait postpones planned $10 billion bond issue until 2017 -bankers | Reuters

Kuwait postpones planned $10 billion bond issue until 2017 -bankers | Reuters:

"Kuwait has delayed a sovereign bond issue of up to $10 billion until next year after deciding it is in no rush to raise funds overseas, bankers familiar with Kuwaiti debt policy said.

Finance Minister Anas al-Saleh said in July the government planned to sell as much as $10 billion of U.S. dollar-denominated conventional and Islamic bonds in international markets to help plug its budget deficit for the current fiscal year, which will end on March 31.

Officials subsequently said they were looking at a window of September or possibly October for the issue."



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