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Wednesday, 15 March 2017

Here's Why Kuwait's Dollar-Bond Debut Was a Hit With Investors - Bloomberg

Here's Why Kuwait's Dollar-Bond Debut Was a Hit With Investors - Bloomberg:

"The scramble among investors to buy Kuwait’s first international bond reveals a subtext: the country is better cushioned against oil-price declines than any of its peers.

International Monetary Fund figures show the current oil price, at about $52 barrel, is more than enough for the country to balance its budget and current account, unlike its neighbors. Which is why when the OPEC member raised $8 billion from the sale of five-year and 10-year notes this week, and attracted $29 billion in bids, it paid less than what Qatar, Abu Dhabi and Saudi Arabia offered last year. "



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