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English news

10-Mar-2016

Kuwait discusses bond issue; banks estimate capacity to buy

Kuwait is talking to advisers about a potential sovereign bond issue, and is considering both domestic and international bond issues, finance minister Anas al-Saleh said on Wednesday on the sidelines of a financial conference. On other hand, Hamad Abdulmohsen al-Marzouq, chairman Kuwait Finance House, told the conference that the government had requested a report from local banks on their ability to finance the deficit. The local banks then submitted a study to the finance ministry and central bank, estimating the banks had the capacity to finance between KWD3 billion and KWD5 billion over the next three years, Marzouq said. (Reuters)

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