Mubasher: The Central Bank of Kuwait (CBK) on Tuesday has issued bonds and related tawarruq worth KWD 240 million ($790.79 million), with a 3.125% yield.

The issue, which was oversubscribed by 10.83 times at a total value of KWD 2.59 billion, has a six-month maturity period that ends on 19 November, according to the CBK’s statement.

The CBK’s last issue was on Tuesday, 14 May at a value of KWD 160 million.

It is noteworthy that bonds and related tawarruq are offered by the CBK to regulate liquidity and withdraw surplus in the local market.