Kuwait - The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 280 million, with a 1.375% rate of return.
The issue recorded a total demand of KWD 2.78 billion and was oversubscribed by 9.93 times, according to official data by the CBK.
The bonds, offered on Monday, carry a maturity period of six months and will be due on 8 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.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 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.
