Kuwait's debut international bond attracts $15bn orders

Kuwait has indicated it may issue up to about $10bn of bonds but no final decision on size

Kuwait's dual-tranche international debut bond has attracted order books in excess of $15 billion, a document issued by one of the lead banks showed.

The debt sale, expected to price on Monday, is split into five-year and 10-year tranches. Initial price guidance was earlier released in the 100 basis points over US Treasuries area for the five-year tranche and the 120 bps over Treasuries area for the 10-year tranche.

Kuwait has indicated it may issue up to about $10 billion of bonds but has not communicated a firm decision on size.

Citi, Deutsche Bank, HSBC, JP Morgan, NBK Capital, and Standard Chartered Bank are the bookrunners.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
A humbler Qatar still wants to punch above its weight

A humbler Qatar still wants to punch above its weight

Qatar has acquired more than $335bn worth of assets around the...

Saudi Arabia spends money to make money

Saudi Arabia spends money to make money

Tour of Asia by Saudi Arabia's King Salman advances drive to...

Soft money: will cash transactions soon be a thing of the past?

Soft money: will cash transactions soon be a thing of the past?

The rapid digitisation of banking in the UAE is enabling robots...

Most Discussed
sponsoredTracking