Money and business

Kuwait is preparing to launch emitted bonds in dollars for the first time in 8 years


Kuwait is preparing to return to the International bonds for the first time in 8 years, after choosing The banks to arrange the sale of denominated bonds in dollars. "Bloomberg"He asked not to be identified, that Kuwait is seeking to issue bonds on segments for 3, 5 and 10 years." target ="_Blank"> A dollar from the global debt markets, while it was not clear whether the process will take place at once. "City Group"And"Goldman Sachs Group"And"HSBC"And"GB Morgan Chase"And"Mezoho" To arrange the deal, in addition to inviting global investors today, Monday, while the Kuwaiti Ministry of Finance has not yet announced the date of the start of selling bonds. "Bloomberg" That the Kuwaiti budget deficit is expected to expand from 2% in the previous year, to 5.6% of the gross domestic product in the current fiscal year.

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