Kuwait’s possible move to issue bonds seen in place

Kuwait-Mubasher: The government of Kuwait has firm plans to issue KWD-dominated bonds in an attempt to fix the budget deficit, finance minister said, without specifying the issuance value.

Kuwait has recently carried out KWD 3 million worth of projects based on the build-operate-transfer system (B.O.T), added Al-Saleh on the sidelines of Euromoney Conference.

Issuing KWD-dominated bonds would be a step in the right direction for Kuwait, said head of administrative and economic consultations company Adnan Al-Delaimi, prospecting positive news to break in the near future.

MUBASHER Contribution Time: 15-Sep-2015 09:49 (GMT)