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FINANCIAL NEWS
Kuwait to issue USD9.9bn of global bonds
25 Oct 2016
(MENAFN) Kuwait hopes to issue global bonds worth almost USD9.90bn, while it aims to raise as oil prices remain at less than half their levels two years ago.
However, the country’s planned bond had been delayed until next year after authorities decided it was in no rush to raise funds overseas.
The Kuwait Investment Authority and the country’s sovereign fund would start to look at the methods that needed to be taken to finish an offering at the end of Oct.
Both sides will look at the economic feasibility and the cost on the country for the issuance, as it is very important to take this into consideration.
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