23 Hrs
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البلاد
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Kuwait Sees $9 Billion Bond Demand
The article discusses Kuwait's issuance of international bonds totaling over $9 billion, despite facing missile and drone attacks from Iran over the past two weeks. This move comes amid increasing economic pressures on Kuwait due to the repeated attacks, which have led to a deterioration of its financial situation. Goldman Sachs predicts that the fiscal deficit could jump to around 40% of GDP. Three tranches of bonds were issued with maturities of 3, 5, and 10 years, amid strong demand from investors, with expectations of pricing the spreads higher based on the interest received. Kuwait is considered one of the leading oil-producing and Western-oriented countries in the Middle East and is facing escalating economic challenges driven by regional tensions and increased Iranian attacks, despite its high credit ratings.
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