CBK sells KWD 200m bonds

CBK sells KWD 200m bonds
So far in 2017, the CBK has launched 28 treasury bond issues worth KWD 2.7 billion collectively, with different maturities

Kuwait - Mubasher: The Central Bank of Kuwait (CBK) has issued KWD 200 million treasury bonds with two different maturity dates in coordination with the Ministry of Finance.

The first tranche of the bonds was for one year and amounted to KWD 100 million with a yield of 2% and was covered by 5.3 times with a demand volume of KWD 534 million, according to a statement by the CBK.

The second tranche was for two-year bonds also worth KWD 100 million but with a yield of 2.25%. These were 4.9 times covered with a demand volume of KWD 497 million.

So far in 2017, the CBK has launched 28 treasury bond issues worth KWD 2.7 billion collectively, with different maturities.

Kuwait seeks to increase its returns from bonds to KWD 20 billion from KWD 10 billion, Anas Al Saleh, minister of finance, said in March, noting that the government was looking to extend their period to 30 years.

The government is also considering issuing sukuk as debt instruments, the minister added. 

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Source: Mubasher

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