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GCC: Governments prepare bond issues

Abu Dhabi and Kuwait have been making preparations for international bonds issues, with Saudi Arabia expected to follow later in the year. Kuwait held talks with bankers in early January for what would be its first international bond. The issue is expected to raise up to $10bn and to be completed by May. Officials from Abu Dhabi met potential bond investors in Asia in late January, although the details of its issue are less certain. Riyadh is expected to follow-up its record $17.5bn issuance of late last year with another dollar-denominated offering later in 2017, although it is likely to be smaller in size

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