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Monday, 13 March 2017

Kuwait’s debut sovereign bond sale draws more than $20bn in investor bids

Kuwait’s debut sovereign bond sale draws more than $20bn in investor bids:

"Kuwait has extended the recent run of mega-debt issues in the Gulf with a debut sovereign bond sale that attracted more than $20bn of investor bids.

The $3.5bn 5-year and $4.5bn 10-year bonds have been sold at a yield of around 2.8 per cent and 3.6 per cent respectively.

Kuwait timed its bond debut ahead of a US Federal Reserve meeting on Wednesday at which policymakers are expected to raise US interest rates – a move that could spark a rise in global bond yields, making it more expensive for governments to borrow."



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