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27-Oct-2016

Kuwait’s Equate could include 30-year bond in debt issue due Thursday

Kuwait's Equate Petrochemical is considering expanding its imminent USD debt issue to include a 30-year bond, according to a document from the lead arrangers. Initial guidance for Equate's five-year paper was set at the low end of 200 basis points over midswaps, while price guidance for the 10-year tranche was in the high 200s to 300 basis points over midswaps, according to the document from the lead arrangers seen by Reuters on Wednesday. Citi, HSBC, JP Morgan, and NBK Capital are the joint lead managers and they are bookrunners together with Banca IMI, Mizuho Securities, MUFG, and SMBC Nikko, the document showed. (Reuters)

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