kuwait offers8 billion initial bonds
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Kuwait offers $ 8 billion initial bonds

Arab Today, arab today

Arab Today, arab today Kuwait offers $ 8 billion initial bonds

Kuwait offers $ 8 billion initial bonds
London - BNA

Kuwait has issued $ 8 billion dual-tranche debut bonds in an international offering.
The offering has comprised $ 3.5 billion in five-year bonds at 75 basis points over US Treasuries and USD 4.5 billion in 10-year bonds at a 100 basis-point premium, a well-informed source told Kuwait News Agency (KUNA) on condition of anonymity.
It has attracted order books exceeding threefold of its initial value which reflected investors' great confidence in the effectiveness of the government's financial reform plans in reducing budget deficit.
Deputy Prime Minister and Finance Minister concluded Monday a multi-leg tour that included New York, Boston, Los Angeles and London to market the bonds issuance.
Kuwait has assigned Citi Group, HSBC and JPMorgan to hold meetings with investors in Britain and the United States as of March 6.
The government seeks to use the money secured by the bonds issuance to bridge the budget deficit and to finance mega development projects in lights of expected budget deficits in the coming years, KUNA reported.


Source: BNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait offers8 billion initial bonds kuwait offers8 billion initial bonds

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait offers8 billion initial bonds kuwait offers8 billion initial bonds

 



GMT 13:49 2017 Thursday ,08 June

Boko Haram kills 11 in NE Nigeria attacks: police

GMT 09:08 2017 Monday ,11 September

Palestinian court grants bail to prominent activist

GMT 00:06 2018 Wednesday ,24 January

Emirates signs agreement for 36 additional A380s

GMT 09:59 2018 Wednesday ,10 January

Pakistan reiterates solidarity with Saudi Arabia

GMT 23:01 2016 Wednesday ,30 November

21 killed in artillery shelling of eastern Aleppo

GMT 09:22 2016 Monday ,10 October

US troops in Kuwait came under 'suicide' attack

GMT 21:14 2017 Tuesday ,21 February

Tatas will lead, not follow

GMT 11:24 2017 Wednesday ,15 February

ISIS kidnapped 16 civilians from Anbar

GMT 19:30 2018 Wednesday ,31 October

King congratulates Antigua and Barbuda Governor-General

GMT 00:05 2017 Thursday ,28 December

Guterres extends mandate of UN-backed Lebanon tribunal

GMT 01:49 2017 Wednesday ,18 October

Iran considered dropping Turkey to fight the Russian

GMT 00:02 2017 Friday ,01 September

July24th-August23rd
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday