By Ahmad Abu El-Hamd
Kuwait is finalising plans for its first ever sale of dollar-denominated debt, extending the rush of mega-bond deals from Gulf states grappling with lower oil prices. Bankers from at least two international banks flew to Kuwait City in the last week to discuss the emirate’s plan to make its debut on international markets and raise up to $10bn in early 2017.
The date of the sale will hinge in part on market reaction to Donald Trump’s first few weeks as US president that, they want to wait until markets are relatively calm.