Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 240 million ($791 million), with a 3.125% return.

The issue, which was oversubscribed by 11.39 times at KWD 2.73 billion, has a six-month maturity period that ends on 7 January 2020, according to the CBK’s statement on Tuesday.

The CBK’s latest bonds issue was on 25 June, at a total value of KWD 200 million.

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