Kuwait - The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 240 million ($791 million), with a 3% rate of return, on Tuesday.

This bonds issue was oversubscribed 10.89 times, noting that the overall subscription demand recorded KWD 2.61 billion, according to the statement published on the CBK’s website.

The bonds carry a maturity period of three months, due on 15 October 2019.

It is worth noting that the CBK’s last bonds issue was on 9 July at a total value of KWD 240 million, due in six months, and with a 3.125% return. The bonds and related Tawarruq are local bonds issued by the CBK to the banks working in Kuwait to regulate liquidity in a way to withdraw liquidity surplus from the market.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.