Mubasher TV
Contact Us Advertising   العربية

Kuwait C.bank sells KWD 200m bonds; oversubscribed 13 times

Kuwait C.bank sells KWD 200m bonds; oversubscribed 13 times
The bonds carry a maturity period of three months

Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 200 million ($658.6 million), with a 3% rate of return, on Tuesday.

This issue was oversubscribed 13.15 times, noting that the overall subscription demand registered KWD 2.63 billion, according to data published on the CBK’s website.

The bonds carry a maturity period of three months, due on 29 October 2019, data showed.

It is noteworthy that the CBK’s last bond issue was on 23 July at a total value of KWD 240 million, due in three months, and with a 3% return.

Bonds and related Tawarruq are local bonds issued by the CBK to banks operating in Kuwait in a bid to regulate liquidity in the domestic market.