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Kuwait begins three-part bond offering, IFR reports

BY Reuters | CORPORATE | 09/30/25 02:13 AM EDT

Sept 30 (Reuters) - Kuwait has started accepting bids for a three-part U.S. dollar denominated bond offering with 3-year, 5-year and 10-year maturities, fixed income news service IFR reported on Tuesday.

The indicative price for the 3-year portion has been set at 70 basis points over U.S. Treasuries, the 5-year at 75 bps over the same benchmark, while the 10-year part carries an initial price guidance of 85 bps, IFR said.

Citigroup, Goldman Sachs, HSBC, JPMorgan and Mizuho are acting as joint global coordinators, lead managers and bookrunners for the debt deal, IFR added.

The benchmark-sized senior unsecured bonds are being issued under the State of Kuwait's Global Medium Term Note Programme, the report said. Benchmark size is typically at least $500 million. (Reporting by Mohammad Edrees; Editing by Jamie Freed)

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