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Kuwait Is Said to Join Gulf Bond Rush With Plans for Dollar Sale

Country last sold bonds in March 2017, raising $8 billion
Abu Dhabi and Saudi Arabia are also said to be planning bonds

A bus and an automobile drive along an empty road past commercial office buildings in Kuwait City, Kuwait. — A bus and an automobile drive along an empty road past commercial office buildings in Kuwait City, Kuwait.
Photographer: Tasneem Alsultan/Bloomberg

By

Fiona MacDonald and

Archana Narayanan

January 21, 2018, 8:06 AM UTCUpdated onJanuary 22, 2018, 4:22 AM UTC

Kuwait is weighing plans to sell dollar-denominated bonds, according to people familiar with the matter, joining other Gulf Cooperation Council states also said to be considering sales.

Officials from the oil-rich Gulf nation have held talks with banks about the possibility of a sale as soon as the first quarter, two of the people said, asking not to be identified as the discussions are private. The bond is likely to be in line with or higher than Kuwait’s last issuance of $8 billion in March 2017, some of the people said.