Kuwait bonds draw $9B requests amid Iranian threats
A report shows that Kuwait has managed to attract purchase orders for its dollar-denominated bonds totaling over $9 billion, despite being subjected to missile and drone attacks from Iran over the past two weeks. These requests come amid escalating regional tensions and have impacted the Kuwaiti economy, which is suffering from rising fiscal deficits and a halt in some oil exports due to the Iranian attacks. Kuwait announced the issuance of three types of bonds with maturities of 3, 5, and 10 years, amid expectations that strong demand could lead to narrower price spreads. This move comes as part of efforts to support financing despite the military escalation in the region.
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