Kuwait Plans Wednesday Dollar Bond Issuance Amid Daily Iranian Attacks

According to BlockBeats and Jin10, Kuwait plans to issue dollar-denominated bonds on Wednesday (July 23) as the country faces mounting economic pressure from repeated Iranian missile and drone attacks. The government has engaged Goldman Sachs and Citigroup to arrange three tranches with 3-year, 5-year, and 10-year maturities; final terms and bond size will likely be disclosed later Wednesday.

Over the past two weeks, Kuwait has endured near-daily Iranian strikes in retaliation for U.S. and Israeli actions. Goldman Sachs analysts estimated in April that Kuwait's fiscal deficit has surged to nearly 40% on an annualized basis, worsened by forced halts to most oil exports due to regional tensions.