Kuwait raises $3.25 billion in three- and 10-year dollar bonds

Kuwait has raised $3.25 billion through a two-tranche, dollar-denominated international bond issuance, attracting subscription orders exceeding $7.8 billion and reflecting strong investor demand for the country’s sovereign debt. According to data from fixed-income news service IFR, the issuance comprised a three-year tranche worth $2.25 billion with a yield of 5.619 percent and a 10-year tranche …