PERSPECTA

News from every angle

advisor-perspectives

Wall Street Leans on Insurance Pools for $16 Billion Kuwait Deal

By Laura Gardner Cuesta, Dinesh Nair

The deal follows similar moves elsewhere in the Gulf, including oil and gas pipeline transactions by Abu Dhabi National Oil Co. and Saudi Aramco, as governments seek to bring in external capital without losing control of key assets. In these cases, investors obtained bridge financing from banks that were later refinanced by bonds.