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Monday, 13 February 2017

Kuwait Said to Meet Investors Ahead of $9.5 Billion Debut Bond - Bloomberg

Kuwait Said to Meet Investors Ahead of $9.5 Billion Debut Bond - Bloomberg:

"Kuwait will meet investors in the U.S. and U.K. next month as part of plans to raise as much as $9.5 billion in its first international debt sale, according to a person familiar with the matter.

Government officials will travel to London, New York, Boston and Los Angeles between March 5 and March 12, said the person, asking not to be identified as the information is private. A sale could be completed by the end of March or early April, the person said.

The country hired six banks including Citigroup Inc., JPMorgan Chase & Co., and HSBC Holdings Plc as lead managers for the sale, people familiar with the matter said last month. Deutsche Bank AG, Standard Chartered Plc and NBK Capital were hired as advisers, they said."



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