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English news

22-Jan-2018

Kuwait is said join other GCC countries in bond sale

Kuwait is weighing plans to sell dollar-denominated bonds, joining other Gulf Cooperation Council states also said to be considering sales. Officials from the oil-rich Gulf nation have held talks with banks about the possibility of a sale as soon as the first quarter. Plans for a bond sale would need to be approved by Kuwait’s parliament. The National Assembly’s finance and economic committee this month approved a draft law that allows the government to raise as much as KWD25bn (USD83bn) from international and local markets. The law still needs to be approved by the assembly.  

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