Kuwait Raises $11.25 Billion in First Eurobond Since 2017

Kuwait raised $11.25 billion from its first international bond sale in eight years.

The OPEC member’s offering saw peak orders top $27.7 billion, underscoring strong appetite for the three-part deal. The notes due in three, five and 10 years are expected to be rated A+/AA by S&P and Fitch, according to a person familiar with the matter, who asked not to be identified. The bonds priced as much as 35 basis points below initial price talk, the person said.