posted by Christopher W. Holton

Kuwait made a splash with its debut in the international bond market in mid-March, raising $8 billion from regional and international investors following a five-day roadshow in London and three cities in the United States. Demand was high, with more than 778 orders totaling $29 billion, according to officials.

The issuance was divided into two tranches. A $3.5 billion, five-year tranche was priced with a yield of 2.887% or 75 basis points (bp) over U.S. Treasuries, while a $4.5 billion, ten-year portion carried a yield of 3.617%, giving a spread of 100bp over U.S. Treasuries.

http://www.forbesmiddleeast.com/en/after-a-successful-issuance-kuwait-is-in-no-hurry-to-return-to-international-markets/

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