Mubasher: The Central Bank of Kuwait (CBK) has offered bonds and securities worth KWD 240 million ($810.3 million) for sale.

This three-month bond issuance will have a return of 2% and will be matured on 22 May, according to a recent statement by the CBK.

The issuance was covered 6.1 times at a total demand value of KWD 1.47 billion.

CBK noted that issuing securities in coordination with Islamic banks aims at boosting cash inflow in the Kuwaiti market.