DUBAI Dec 27 National Bank of Kuwait (NBK)
, the Gulf Arab state's largest commercial lender, said
on Tuesday it had been invited by the public debt office at the
Kuwaiti ministry of finance to participate in a bond issue by
A request for proposals has been sent to NBK's subsidiary
NBK Capital to help arrange a sovereign U.S. dollar-denominated
bond issue, and the deadline to respond is Jan. 5, the bank said
in a bourse statement.
The request is under study, the statement added. Finance
Minister Anas al-Saleh said in July that the government planned
to sell as much as $10 billion of U.S. dollar-denominated
conventional and Islamic bonds in international markets to help
plug its budget deficit for the current fiscal year, which will
end on March 31.
(Reporting by Hadeel Al Sayegh; Editing by Andrew Torchia)