Mubasher: The Central Bank of Kuwait (CBK) has offered bonds and related tawarruq worth KWD 240 million, with a 2.75% rate of return.
The three-month bonds were oversubscribed by 12.15 times, with total purchase orders registering KWD 2.92 billion, CBK disclosed on Tuesday.
The bonds' issue will be matured on 5 May 2020.
It is worth noting that bonds and related tawarruq are local bonds offered by the CBK to banks working in the Kuwaiti banking sector to regulate the market’s liquidity.
