NBK, KAMCO in­vited to par­tic­i­pate in bond is­sue

Kuwait Times - - FRONT PAGE -

Na­tional Bank of Kuwait (NBK), the state’s largest com­mer­cial lender, and in­vest­ment firm KAMCO said they had been in­vited by the pub­lic debt of­fice at the min­istry of fi­nance to par­tic­i­pate in a bond is­sue by the gov­ern­ment. A re­quest for pro­pos­als has been sent to NBK’s sub­sidiary NBK Cap­i­tal to help ar­range a sov­er­eign US dol­lar-de­nom­i­nated bond is­sue, and the dead­line to re­spond is Jan 5, NBK said in a bourse state­ment yesterday. The re­quest is un­der study, it added. Fi­nance Min­is­ter Anas Al-Saleh said in July that the gov­ern­ment planned to sell as much as $10 bil­lion of US dol­lar­de­nom­i­nated con­ven­tional and Is­lamic bonds in in­ter­na­tional mar­kets to help plug its bud­get deficit for the cur­rent fis­cal year, which will end on March 31.

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