Mubasher: The Central Bank of Kuwait (CBK) on Tuesday issued bonds and related tawarruq worth KWD 280 million, with a 1.375% rate of return.

The issue recorded a total demand of KWD 2.78 billion and was oversubscribed by 9.93 times, according to official data by the CBK.

The bonds, offered on Monday, carry a maturity period of six months and will be due on 8 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.