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CBK sells KWD 280m bonds

CBK sells KWD 280m bonds
The issued bonds and related Tawarruq have a return rate of 1.250%

Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq at a total value of KWD 280 million, according to a press release on Monday.

With a six-month maturity period, the issued bonds and related Tawarruq have a return rate of 1.250%.

It is noteworthy to mention that 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.