Mubasher: The Central Bank of Kuwait (CBK) announced on Tuesday the selling of bonds and securities valued at KWD 240 million ($793.6 million).

The central bank has raised the return on these bonds to 2.625%, the highest level since February 2008, according to an official statement.

The bonds will be matured in six months on 8 January 2018.

The central bank noted that the issue was covered 9.3 times, with a volume of KWD 2.23 billion.

It is noteworthy that the CBK tends to control the levels of liquidity in the local market by issuing these bonds and securities.