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

The three-month bonds were oversubscribed by 13.25 times and will be due on 28 January 2020, the CBK disclosed on Tuesday.  

Total purchase orders recorded KWD 2.65 billion.

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.