Kuwait to issue bonds worth 240 dinars with a return of 2.75%

Kuwait to issue bonds worth 240 dinars with a return of 2.75%

The Central Bank of Kuwait (CBK) announced the issuance of a bond issue worth 240 million dinars ($ 792 million).

The central bank said in a statement on Monday that the maturity of the new bonds would be worth three months, with a yield of 2.750 percent.

The last issue of Tawarruq bonds last week was worth 200 million dinars for a period of 3 months.

"Bonds and Tawarruq for" are domestic bonds offered by the Kuwaiti Central Bank to banks operating in the banking sector in Kuwait to regulate liquidity and to withdraw more liquidity in the market or inject additional liquidity by redeeming these bonds from banks and paying their value after deducting the return.

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