Kuwait plans international bonds amounting to KWD3bn before end of fiscal year
Kuwait plans to sell KWD3bn in international bonds before the end of the fiscal year, according to Khalifa Hamada – the undersecretary of finance. He further said that the rise in oil prices would not affect the debt plans. He also stated that he expects Kuwait’s budget deficit at KWD8bn this year. Kuwait’s fiscal year starts in April and ends in March. (Bloomberg)
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