US EditionKuwait issues $500m batch of bonds to cover its deficit
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Kuwait issues $500m batch of bonds to cover its deficit
Bonds and sukuk in fourth tranche Issue targets local banks Further issuance planned in Q4 Kuwait has issued a new tranche of bonds and sukuk with a value of KD150 million ($495 million) to cover its fiscal deficit. Monday’s issue was the fourth tranche, with a total KD850 million issued since the Gulf state decided in March to return to the capital market to borrow up to $99 billion over a period of 50 years. An informed financial source, quote…
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