Kuwaiti bond demand surpasses 13.5B
Kuwait has gathered subscription requests exceeding $13.5 billion for its dollar-denominated bonds. The issuance includes tranches with maturities of 3, 5, and 10 years, reaffirming investors' continued confidence in Kuwait's sovereign debt. This strong demand comes after Kuwait's return to the global debt markets following an 8-year hiatus, during which it raised $11.25 billion from a similar issuance last year. The final size of the offering and its pricing are expected to be determined later, with an initial spread of approximately 95 basis points over three-year bonds and 110 basis points over ten-year bonds, which could be reduced if high demand persists.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)