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Kuwait C.bank says Tuesday’s bond issue covered 11 times

Kuwait C.bank says Tuesday’s bond issue covered 11 times
This bond issue will be matured in three months on 30 October

Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities valued at KWD 200 million ($661.38 million) with a yield of 2.50%.

This bond issue will be matured in three months on 30 October and it was covered 11.28 times at a total value of KWD 2.26 billion.

It is noteworthy that this bond issue is similar to the central bank’s last issue in early May which had a value of KWD 200 million with a yield of 2.25% and a maturity period of three months as well.