Miscellaneous

CBK issues six-month bonds, Tawarruq worth KD 360 mln

KUWAIT, The Central Bank of Kuwait (CBK) said Monday it issued KD 360 million (USD 1.1 billion) worth of bonds and related Tawarruq.

The CBK added in a statement to KUNA that the issue would be for six month with a return rate of 2.375 percent.

The CBK’s last issue of bonds and Tawarruq was on May 21 with a value of KD 240 million (USD 792 million) for six months, with a return rate of 2.375 percent.

Source: Kuwait News Agency