Forgot your password?



Back to login

NBK, KAMCO invited to participate in sovereign bond issue
December 27, 2016, 5:36 pm
Share/Bookmark

National Bank of Kuwait (NBK), the Gulf Arab state's largest commercial lender, and investment firm KAMCO said they had been invited by the public debt office at the Kuwaiti ministry of finance to participate in a bond issue by the government.

A request for proposals has been sent to NBK's subsidiary NBK Capital to help arrange a sovereign US dollar-denominated bond issue, and the deadline to respond is 5 January, NBK said in a bourse statement on Tuesday. The request is under study, it added.

Finance Minister Anas al-Saleh said in July that the government planned to sell as much as $10 billion of US dollar-denominated conventional and Islamic bonds in international markets to help plug its budget deficit for the current fiscal year, which will end on 31 March.

Source: Arabian Business

 

Share your views
CAPTCHA
 

"It is hard to fail, but it is worse never to have tried to succeed."

"Envy comes from wanting something that isn't yours. But grief comes from losing something you've already had."

Photo Gallery