Woofun AI reports that Kuwait intends to issue US dollar-denominated bonds on Wednesday, engaging Goldman Sachs and Citigroup to structure maturities of three, five, and ten years. Final details regarding size and pricing are expected later in the day.

Kuwait faces significant economic strain from daily Iranian missile and drone attacks, which have forced the halt of most oil exports due to the closure of the Strait of Hormuz. Goldman Sachs analysts estimated in April that these disruptions pushed the country's fiscal deficit to nearly 40% on an annualized basis.