Kuwaiti Central Bank Advices Companies to Issue Bonds, Not Loans

Kuwait’s central bank urged private companies to use bonds instead of loans for financing, the bank’s governor said.

“We advised the private sector not to rely almost completely on loans instead of issuing bonds,” Sheikh Salem AbdulAziz al-Sabah said at a conference in Bahrain today. “This is an opportunity for the private sector to finance through bonds which can make the financial sector much deeper.”