March 13, 2017 / 11:58 AM / 2 years ago

Kuwait attracts over $15 bln orders for debut international bond - lead

DUBAI, March 13 (Reuters) - Kuwait’s dual-tranche international debut bond has attracted order books in excess of $15 billion, a document issued by one of the lead banks showed.

The debt sale, expected to price on Monday, is split into five-year and 10-year tranches. Initial price guidance was earlier released in the 100 basis points over U.S. Treasuries area for the five-year tranche and the 120 bps over Treasuries area for the 10-year tranche.

Kuwait has indicated it may issue up to about $10 billion of bonds but has not communicated a firm decision on size.

Citi, Deutsche Bank, HSBC, JP Morgan, NBK Capital, and Standard Chartered Bank are the bookrunners. (Reporting by Davide Barbuscia; Editing by Andrew Torchia)

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