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Kuwait C.bank issues KWD 240m bonds

Kuwait C.bank issues KWD 240m bonds
Headquarters of the Central Bank of Kuwait

Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq valued at KWD 240 million ($792.74 million).

The issue has a three-month maturity period with a 2.75% rate of return, according to the bank’s statement on Tuesday.

It is noteworthy that bonds are a debt instrument issued by governments that are obliged to pay their values to the bonds’ buyers on a due date with interest, while tawarruq allows institutions to collect due payments or debts and transfer them to securities to be traded.