Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 200 million, with a 2.75% rate of return.

The issue was oversubscribed by 13.79 times, while the subscription demand recorded KWD 2.76 billion, according to recent data published by the CBK.

The three-month bonds will be matured on 28 April 2020.

It is worth noting that bonds and related tawarruq are local bonds offered by the CBK to banks working in the Kuwaiti banking sector to regulate the market’s liquidity.