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UPDATE 1-Kuwait's NBK, KAMCO invited to participate in Kuwaiti sovereign bond issue
December 27, 2016 / 12:07 PM / a year ago

UPDATE 1-Kuwait's NBK, KAMCO invited to participate in Kuwaiti sovereign bond issue

(Adds KAMCO statement)

DUBAI, Dec 27 (Reuters) - National Bank of Kuwait (NBK) , the Gulf Arab state’s largest commercial lender, and investment firm KAMCO said they had been invited by the public debt office at the Kuwaiti 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 U.S. dollar-denominated bond issue, and the deadline to respond is Jan. 5, NBK said in a bourse statement on Tuesday. 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 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)

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