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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.