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Kuwait C. bank issues KWD 200m bonds

Kuwait C. bank issues KWD 200m bonds
The CBK’s latest bonds issue was on 23 April

Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq at a total value of KWD 200 million ($658.4 million).

This bonds issue holds a maturity period of three months, with a return of 3%, the central bank announced on Monday.

It is noteworthy that the CBK’s latest bonds issue was on 23 April, at a total value of KWD 240 million.

Kuwait’s finance minister previously noted that the government aims to raise bonds collection to KWD 20 billion from KWD 10 billion, as well as increasing the maturity period to be 30 years.