LONDON: Kuwait picked six banks to advise on its first international debt sale as the Opec member joins other Gulf Arab monarchies shoring up public finances after the slump in oil prices.
Citigroup Inc, JPMorgan Chase & Co and HSBC Holdings Plc are working as lead managers on the sale, the people said, speaking on condition of anonymity because the information isn’t public. Deutsche Bank AG, Standard Chartered Plc and NBK Capital were also hired as advisers, they said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
