Kuwait plans bond sale this year to fill ’gap’ from falling oil | GulfNews.com

Kuwait plans bond sale this year to fill ’gap’ from falling oil | GulfNews.com:



"Kuwait plans to sell dinar-denominated bonds this year as Gulf Cooperation Council countries seek to plug their budget deficits amid falling oil prices.

“We’re starting with local currency issues and then we’ll be shifting to foreign currencies later if needed,” Finance Minister Anas al-Saleh told reporters at a conference in Kuwait Tuesday. “We’re looking at alternatives to fill the current financial gap, including capital markets.”

Opec’s fifth-biggest producer may also sell dollar- denominated bonds if the dinar sale “has any impact or negative effect on our foreign reserves in the central bank and on the domestic market,” he said."



'via Blog this'