Kuwait's parliament is likely to approve a law to extend the country's borrowing limits, enabling 30-year debt issues, a senior finance ministry official said on Tuesday. The law would allow Kuwait to increase its debt ceiling to KWD25bn from KWD10bn currently. It would also allow the Gulf state to issue debt instruments with maturities of up to 30 years, from a current limit of 10 years. Kuwait issued a debut USD8bn international bond in March 2017 with maturities of 5 and 10 years. The government decided to extend its borrowing limit to 30 years after noting interest from pension and insurance funds for long-term paper when the bond sale was presented to international investors.