Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 140 million with a 1.875% interest rate and a six-month maturity, which ends on 27 February 2018.
The issue was oversubscribed 6.4 times, as offers amounted to KWD 898.5 million, according to a CBK statement.
With this issue, the value of CBK bonds and related tawarruq issued in 2017 reached KWD 5.48 billion.
Anas Al Saleh, the Kuwaiti minister of finance, had earlier said that his government is seeking to increase the bonds volume from KWD 10 billion to KWD 20 billion, and to extend its maturity to 30 years, as well as issuing sukuk as a debt instrument.
