Kuwait plans to borrow up to 6 bln dinars to fund projects - Times Kuwait

Kuwait to borrow up to $20bn over next year

To mainly fund $7.6bn projects Allowed to borrow up to $99bn 2.9% debt-to GDP ratio Kuwait is on the verge of returning to the debt market after an eight-year absence with plans to borrow up to $20 billion during the 2025-2026 fiscal year, according to local media. The loans will be used mainly to fund infrastructure projects worth KD2.3 billion ($7.6 billion) included in the current fiscal year, which started on April 1. The debt law, which was…

The bid included seven primary dealers. The total bid volume was 1.19 billion, of which the competitive bids were raised to 1 billion of her. The non-competitive bids were 191 million of her. The Ministry of Finance loaned her monthly from 752 million banks through a bond bid, falling in 2028, with a profit of 7.46% per year. The bid took up seven primary dealers. The total bid volume was 1.19 billion of which the bids were raised to 1 billion o…

Kuwait plans to borrow up to 6 bln dinars to fund projects - Times Kuwait

Faisal Al-Muzaini, Director of the Public Debt Department at the Ministry of Finance, announced that Kuwait plans to borrow between 3 and 6 billion dinars during the current fiscal from both the local and international markets to support various development initiatives. Speaking at an introductory conference on the Financing and Liquidity Decree-Law, Al-Muzaini emphasized that the law serves as a key financing tool to enable project execution, r…