|24 September, 2019

Kuwait central bank issues $19.75bln bonds, related tawarruq in nine months

The bonds and related tawarruq are offered by the CBK to regulate liquidity in the market

View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Image used for illustrative purpose.

Gettyimages

Kuwait - The value of the issues of bonds and related tawarruq issued by the Central Bank of Kuwait (CBK) declined by 6.67% year-on-year during the first nine months of 2019, according to a survey conducted by Mubasher.

The value of CBK’s bonds and related tawarruq issued in the nine-month period ended September reached KWD 6.02 billion ($19.87 billion), compared to KWD 6.45 billion ($21.29 billion) in the year-ago period.

It is worth mentioning that bonds and related tawarruq are offered by the CBK to regulate liquidity in 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.

More From Markets