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Kuwait C.bank sells KWD 240m bonds

Kuwait C.bank sells KWD 240m bonds
The bonds and securities were covered 9.9 times

Mubasher: The Central Bank of Kuwait (CBK) has sold bonds and securities valued at KWD 240 million ($791.8 million), according to the latest official data.

The bonds were issued with a return of 2.75%, and will be matured in three months on 5 February 2019.

Kuwait’s central bank noted that the bonds and securities were covered 9.9 times at a total volume of KWD 2.39 billion.

It is noteworthy that the central bank’s last bond issue was on 30 October at a value of KWD 200 million, with a return of 2.75%.