Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 240 million ($790.36 million), with a 3% rate of return, on Tuesday.

This issue was oversubscribed 10.93 times, as the overall subscription demand registered KWD 2.62 billion, according to data published on the CBK’s website.

The bonds carry a maturity period of three months, due on 5 November 2019.

It is worth noting that 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.