Mubasher: The Central Bank of Kuwait (CBK) on Tuesday announced issuing bonds and related tawarruq worth KWD 200 million ($660.45 million), with a yield of 3%.
The issue, which has a three-month maturity, was oversubscribed 12.82 times, while the total value of requests amounted to KWD 2.56 billion, the CBK said in a statement.
On Tuesday, the CBK issued bonds and related tawarruq with a combined value of KWD 160 million.
It is noteworthy that the bonds and securities offered by the central banks aim at regulating liquidity to withdraw surplus in the local market.
