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Tuesday, 17 January 2017

Kuwait closer to first sale of dollar debt

Kuwait closer to first sale of dollar debt:

"Kuwait is finalising plans for its first ever sale of dollar-denominated debt, extending the rush of mega-bond deals from Gulf states grappling with lower oil prices. Bankers from at least two international banks flew to Kuwait City in the first week of January to discuss the emirate’s plan to make its debut on international markets and raise up to $10bn in early 2017. The date of the sale will hinge in part on market reaction to Donald Trump’s first few weeks as US president, said one banker. “The timing is still hazy,” he added. “They want to wait until markets are relatively calm.”"



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