Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 360 million, with a 1.37% return rate.
The issue registered total demand of KWD 3.03 billion and was oversubscribed by 8.41 times, according to official data released by the CBK.
The bonds have a six-month maturity period and will be due on 1 December 2020.
Bonds and related tawarruq are local bonds offered by the CBK to banks working in the Kuwaiti financial sector to regulate the market’s liquidity.
