Kuwaiti Bonds Worth $3.25 Billion

The Ministry of Finance announced yesterday that Kuwait successfully issued bonds in global debt markets with a total value of $3.25 billion, maturing on October 19, 2026. In a press release, the ministry clarified that the issuance comprised two tranches: the first valued at $2.25 billion with a three-year maturity and a spread of 75 basis points over U.S. Treasury yields, and the second valued at $1 billion with a 10-year maturity and a spread of 105 basis points over U.S. Treasury yields. The statement noted that the issuance attracted strong interest from international investors, with total subscription orders peaking at $9.1 billion, approximately 2.8 times the total size of the issuance. The statement quoted Finance Minister Dr. Yaqoub Al-Rafai as saying that this successful issuance reflects the confidence of the international investment community in Kuwait and the strength of its economic and financial foundations.