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Wednesday, 26 October 2016

UPDATE 1-Kuwait's Equate could include 30-year bond in debt issue due Thurs | Reuters

UPDATE 1-Kuwait's Equate could include 30-year bond in debt issue due Thurs | Reuters:

"Kuwait's Equate Petrochemical is considering expanding its imminent U.S. dollar debt issue to include a 30-year bond, according to a document from the lead arrangers, following the success of Saudi Arabia's offering.

Equate is expected to sell five-year and 10-year U.S. dollar-denominated debt on Thursday.

A source familiar with the matter said the petrochemical company had been encouraged by strong U.S. investor appetite for the 30-year tranche of Saudi Arabia's mammoth $17.5 billion bond issue last Thursday."



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