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Monday, 13 March 2017

Kuwait Tightens Price Guidance for Debut International Bond - Bloomberg

Kuwait Tightens Price Guidance for Debut International Bond - Bloomberg:

"Kuwait tightened price guidance on its debut international dollar bond sale as OPEC’s fifth-biggest producer joins regional governments in raising debt to bridge budget deficits.

The Gulf nation may price the five-year debt in the area of 85 basis points above similar maturity for U.S. Treasuries and the 10-year bonds in the plus 110 basis points area, according to a person familiar with the offering. Initial guidance was in the 100 and 120 basis points area, the person said, asking not to be identified as the information is private. The offer has generated about $20 billion in bids and final pricing will be set on Monday, the person said."



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