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Kuwait’s C.bank issues KWD 240m bonds

Kuwait’s C.bank issues KWD 240m bonds
The bonds carry a maturity period of three months

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

The bonds carry a maturity period of three months, CBK disclosed on Monday.   

Bonds and related Tawarruq are local bonds offered by the central bank to the banks working in the Kuwaiti financial sector to regulate the market’s liquidity.