Al Arabiya Net _ The Government of Kuwait has commenced marketing two tranches of US dollar-denominated bonds, as part of its return to international debt markets, with the offering comprising two tranches with maturities of 3 years and 10 years.
Indicative yield for 3-year bonds set at 105 basis points over US Treasuries
According to the initial pricing terms, the indicative yield for the 3-year bonds was set at 105 basis points above US Treasury yields.
Meanwhile, the initial pricing for the longer-term tranche, maturing after 10 years, stood at approximately 130 basis points over comparable US Treasuries.
Investors are monitoring the final pricing process for the issuance, which will reflect the demand level for Kuwaiti debt instruments and global market conditions, as Kuwait seeks to diversify its funding sources and enhance its presence in international bond markets.
