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Kuwait’s C. bank issues KWD 360m bonds, tawarruq

Kuwait’s C. bank issues KWD 360m bonds, tawarruq
The bonds carry a six-month maturity period

Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 360 million, with a 1.37% return rate.

The issue registered total demand of KWD 3.03 billion and was oversubscribed by 8.41 times, according to official data released by the CBK.

The bonds have a six-month maturity period and will be due on 1 December 2020.

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