FINANCIAL NEWS

Kuwait initial USD8bn bond offer oversubscribed

16 Mar 2017

(MENAFN) Kuwait proclaimed that it has successfully issued its inaugural dual-tranche worth USD8bn bond offering into the international debt markets.

In addition, the bonds were notably oversubscribed with 778 investor orders totaling more than USD29bn, with strong need from both global and local accounts.

The success of Kuwait’s initial bond issuance came after a week-long roadshow that comprised two continents and four cities including London, NY, Boston and LA.

Accordingly, the country is pleased with the successful pricing of the transaction and the positive response it has received from global investors.

MENAFN1603201700450000ID1095317753

MENAFN1603201700450000ID1095317753

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