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Kuwait C.bank KWD 290m bonds issue oversubscribed 8.84 times

Kuwait C.bank KWD 290m bonds issue oversubscribed 8.84 times
The bonds issue was covered 8.84 time

Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq valued at KWD 290 million ($956.36 million), with an interest rate of 3% on Tuesday.

The bonds issue was covered 8.84 times, with a total subscription value of KWD 2.56 billion.

Kuwait’s Central bank noted that these bonds will be matured in three months on 17 September.

It’s noteworthy that the bonds issued by the CBK aim at regulating liquidity in the banking sector to withdraw the surplus.