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Kuwait C.bank issues KWD 100m bonds

Kuwait C.bank issues KWD 100m bonds
This new bonds issuance was covered four times

Mubasher: The Central Bank of Kuwait (CBK) on has issued debt instruments worth KWD 100 million on Wednesday, according to a recent report.

The bonds issuance has a three-year duration period, with a return of 2.5%.

The CBK said that this new bonds issuance was covered four times.

Long-term bonds issuance was last offered on 27 September at a total value of KWD 200 million on two tiers.

Since the beginning of 2017, the CBK has issued a total of 23 bonds issuance at a total value of KWD 2.2 billion, as reported by Annahar Newspaper.