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
GMT 19:09 2017 Tuesday ,11 April
OPEC Basket Price Rises to $52.91 per BarrelGMT 18:59 2017 Tuesday ,11 April
Boursa Kuwait Ends in Red ZoneGMT 18:40 2017 Tuesday ,11 April
Kuwait Bourse Ends Trading in Green ZoneGMT 20:23 2017 Friday ,07 April
Kuwait Bourse Ends Trading in Green Zone WednesdayGMT 19:00 2017 Thursday ,30 March
Kuwait Bourse Closes on Green NoteRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 08:02 2015 Tuesday ,15 September
No snow: Californian water source at 500-year low
GMT 15:25 2018 Wednesday ,14 November
Friedrich Merz vows to steal half of AfD voters
GMT 07:44 2018 Friday ,09 November
Imelda Marcos faces prison after corruption convictions
GMT 10:12 2018 Sunday ,28 October
Eritrea warns Germany not to 'meddle' in region's affairs
GMT 06:53 2017 Saturday ,18 February
G20 foreign ministers vow to fight poverty in Africa
GMT 14:27 2017 Friday ,10 March
Hypercars mingle with station wagons
GMT 16:15 2017 Wednesday ,16 August
Grace Mugabe requests diplomatic immunity in assault case
GMT 21:28 2017 Friday ,31 March
China's Xi to meet Trump in Mar-a-Lago on April 6-7
GMT 13:13 2011 Friday ,16 December
Hyundai i-oniq Concept for Geneva 2012GMT 11:53 2011 Monday ,26 September
Guerrero: We’ve got Peruvians dreaming
GMT 18:17 2016 Sunday ,18 December
Iraqi warplanes bomb Daesh warehouses
GMT 16:54 2017 Sunday ,15 January
26 killed as Hadi forces push Houthis back
GMT 20:18 2016 Monday ,01 August
Israeli Navy Opens Fire on Palestinian Fishermen Off Rafah
GMT 04:29 2016 Saturday ,25 June
A New Generation of Robots is Ready for the MarketGMT 12:31 2011 Saturday ,26 November
Google working on OnLive rival for Chrome OS
GMT 12:36 2017 Saturday ,26 August
Syrian regime forces bombarded areas in Hama with air raids
GMT 23:18 2017 Thursday ,06 April
Will US intervene militarily against Syrian gov't in retaliation to alleged chemical attack?
GMT 23:18 2017 Wednesday ,01 March
Dh4.2m lawsuit against George Wassouf thrown out
GMT 12:57 2018 Tuesday ,09 January
German industrial orders dip in November
GMT 07:18 2018 Sunday ,07 January
Palestinians mark Orthodox Christmas
GMT 02:09 2017 Sunday ,08 January
Downtown Dubai is a place to be on New Year’s Eve
GMT 06:32 2018 Wednesday ,03 January
A Weathered Penny appoints
GMT 10:14 2015 Tuesday ,11 August
Woman drowns in Dubai after father blocks rescueGMT 13:51 2013 Friday ,25 January
Billy Bragg to get BBC Folk AwardGMT 00:30 2012 Thursday ,27 September
Causes of snoring in pregnancy revealed
GMT 08:30 2016 Sunday ,10 April
War photographer and mother, the womanGMT 14:06 2012 Thursday ,26 July
Depression linked to artificial lightGMT 07:17 2013 Tuesday ,02 April
Canadian fighters in Algeria siege grew up togetherGMT 05:44 2011 Tuesday ,19 April
New hope for secretive rare animalGMT 18:53 2012 Tuesday ,27 November
Radio host suspended over anti-SemitismGMT 04:41 2012 Thursday ,07 June
Disney to ban junk-food ads on TV channels, websites
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor