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CBK sells KWD 240m bonds

CBK sells KWD 240m bonds
The CBK sold bonds and related Tawarruq for KWD 240 million

Mubasher: The Central Bank of Kuwait (CBK) has sold bonds and related tawarruq at a value of KWD 240 million ($793 million) for three months.

Bonds will mature on 6 November with a yield of 2.5%, the bank said in a statement.

Bonds were oversubscribed by 9.7 times at KWD 2.33 billion.