By: Ahmed Awad
Kuwait – Mubasher: The Central Bank of Kuwait (CBK) issued on Wednesday treasury bonds worth KWD 100 million ($332 million).
The bonds will be matured in June 2017 with an interest rate of 1.25%, according to a statement by the bank.
With this, CBK’s treasury bonds issues reached about KWD 1.2 billion ($3.97 billion) since the beginning of the fiscal year in April.
The issues is aiming at financing the budget deficit, which is expected to reach about KWD 12.2 billion in 2016-2017 after deducting 10% from the revenues for the Kuwait Future Generations Fund.
Translated by: Elwy el-Manzalawy
