Kuwait delays USD10b bond issue to 2017

10 Oct 2016

(MENAFN) Familiar bankers with Kuwaiti debt policy said that Kuwait had delayed a bond issue of up to USD10b until next year after deciding it is in no rush to raise funds overseas.

Kuwaiti Finance Minister said that the government planned to sell as USD10b of Islamic bonds in international markets to help plug its budget deficit for the current fiscal year.

However, the government has still not sent banks a request for proposals to arrange the issue.

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