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Kuwait marketing 5, 10-year US dollar benchmark bonds - lead
March 13, 2017 / 7:13 AM / 9 months ago

Kuwait marketing 5, 10-year US dollar benchmark bonds - lead

SINGAPORE, March 13 (IFR) - The State of Kuwait GVD-KW, acting through the Ministry of Finance, is marketing benchmark US dollar bonds of five and 10 years.

Initial price thoughts are US Treasuries plus 100bp area for the five-year tranche and Treasuries plus 120bp area for the 10-year piece.

Kuwait is rated AA/AA (S&P/Fitch).

Citigroup, HSBC and JP Morgan are joint global coordinators, as well as joint bookrunners with Deutsche Bank, NBK Capital and Standard Chartered.

Pricing for the 144A/Reg S bonds is expected today. (Reporting by Daniel Stanton; editing by Dharsan Singh)

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