Mubasher: The Central Bank of Kuwait (CBK) on Tuesday has sold bonds and securities at a value of KWD 240 million ($798.7 million) with a yield of 2.25%.

The three-month bonds will mature on 24 July, according to recent data by the CBK.

The issuance was oversubscribed 7.1 times at a total demand value of KWD 1.7 billion.

The bonds’ value, yield, and maturity are compatible with the bank’s latest issuance on 17 April.

The CBK seeks to curb liquidity ratios in the Kuwaiti cash market through these issuances.