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Kuwait C.bank issues KWD 200m bonds

Kuwait C.bank issues KWD 200m bonds
The yield of the three-month bond issue amounted to 3%

Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities worth a combined KWD 200 million ($660.16 million).

The yield of the three-month bond issue amounted to 3%, according to a statement on Monday.

This issue is consistent with the central bank’s KWD 240 million bonds issued last Tuesday.

The CBK sells bonds and securities to national banks in a bid to boost the market liquidity or pump additional liquidity into the market.

Issuing bonds and securities is one of the government instruments in implementing the monetary policy related to interest rates.