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Kuwait C.bank issues KWD 240m bonds

Kuwait C.bank issues KWD 240m bonds
The Central Bank of Kuwait (CBK) on Monday announced that it has issued three-month maturity bonds and securities worth KWD 240 million ($791.70 million) with a 3% yield.

Mubasher: The Central Bank of Kuwait (CBK) on Monday announced that it has issued three-month maturity bonds and securities worth KWD 240 million ($791.70 million) with a 3% yield.

The value of the CBK’s bonds and securities issued in mid-January was worth KWD 240 million with a 3% return and a three-month maturity.

The CBK issues three-to-six month bonds and securities in order to control liquidity levels among banks.