Kuwait – Mubasher: Al Ahli Bank of Kuwait (ABK) is considering the issuance of dollar-dominated bonds for the first time to get long-term financials to boost growth.
The bank may raise about $500 million this year, Bloomberg reported on Thursday.
ABK aims to sell the bonds after August; however it would cancel the decision if market conditions were not favorable, according to the agency's sources.
Kuwait stated earlier that it plans to raise about $10 billion from international debt markets to help filling up the budget deficit gap, as lower oil prices squeeze public finances.
