Google+ Followers

Sunday, 6 November 2016

Kuwait launches foreign bond sale to finance deficit | GulfNews.com

Kuwait launches foreign bond sale to finance deficit | GulfNews.com:

"Kuwait will issue billions of dollars worth of bonds in international markets to finance a budget deficit resulting from low oil prices, a report said Saturday.
Finance Minister Anas Al Saleh said Kuwait will issue US dollar-denominated sovereign bonds of up to $9.6 billion (Dh35.23 billion) during the 2016/2017 fiscal year that ends March 31, Al Qabas newspaper reported.
This comes on top of a $6.6 billion domestic debt programme which is already underway."



'via Blog this'