Kuwait raises $6 billion in three-tranche bond sale, finance ministry says

Kuwait ​raised $6 billion ​from a three-tranche sovereign bond sale, ​the finance ministry said on Thursday, the top oil producer's first issuance since October last ‌year ⁠and despite ⁠current regional tensions with Iran.

The ​issuance comprised $3 billion in three-year bonds, $1.5 billion in five-year ​bonds and $1.5 billion in 10-year bonds, and were priced at final ​spreads of 70, 75 ⁠and 85 ‌basis points respectively over ​comparable ​U.S. Treasuries, the ministry ⁠said.

The sovereign bond sale saw "exceptional demand" ​from investors, with total orders exceeding $18 ​billion, the ministry said. The strong demand reflects investors' appetite despite intensified Iranian attacks in recent weeks on U.S. military assets in Kuwait and ‌Bahrain.


In October 2025, Kuwait raised $11.25 billion from a three-part bond ​sale, ​coming after ⁠years of domestic political gridlock over a public debt law that raised the borrowing ​ceiling to 30 billion dinars ($98 billion) from 10 billion dinars and allowed for longer borrowing terms.