Mubasher: The Central Bank of Kuwait (CBK) on Tuesday announced issuing bonds and related tawarruq worth KWD 200 million ($660.45 million), with a yield of 3%.

The issue, which has a three-month maturity, was oversubscribed 12.82 times, while the total value of requests amounted to KWD 2.56 billion, the CBK said in a statement.

On Tuesday, the CBK issued bonds and related tawarruq with a combined value of KWD 160 million.

It is noteworthy that the bonds and securities offered by the central banks aim at regulating liquidity to withdraw surplus in the local market.

Source: Mubasher

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