Kuwait Leads Gulf Sovereign Bond Issuance in October
Dow Jones11-03 00:13
1613 GMT - Kuwait accounts for the Gulf's major sovereign bond issuances in October, raising about $3.7 billion through three transactions, according to Kamco Invest's monthly fixed-income report. The country issues $2.25 billion in three-year international bonds carrying a 5.62% coupon and $1 billion in 10-year bonds with a 6.2% coupon, both dated October 26. A further $482 million government bond issue follows on October 28, carrying a 4.13% coupon. Total GCC government bond issuance rises to around $3.7 billion during the month, from $3.3 billion in September, the report shows.
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