Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued KWD 240 million worth of bonds and related tawarruq, with a 1.25% return rate.

The issue was oversubscribed by 11.36 times with a total demand value of KWD 2.73 billion, according to data by the CBK.

The bonds will be matured after three months on 4 August.   

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