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Tuesday, 29 November 2016

UPDATE 1-State of Kuwait sends request for proposals for bond | Reuters

UPDATE 1-State of Kuwait sends request for proposals for bond | Reuters:
"The State of Kuwait has sent a request for proposals for a potential debut international bond, according to sources.

The sovereign is expected to issue next year, most likely in the US dollar market, continuing the spree of Gulf sovereign bond deals.

In October, bankers said that Kuwait was in no rush to fund overseas, according to Reuters. Finance Minister Anas al-Saleh had said in July the government planned to sell as much as US$10bn in conventional and Islamic bonds in international markets to help plug Kuwait's budget deficit for the current fiscal year, which will end on March 31."

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