CBK allocates bonds, tawarruq valued at KD 160 mln

Central Bank of Kuwait (CBK) announced on Monday allocating bonds and “tawarruq” at the value of KD 160 million (around USD 528 million).

The CBK issued a statement saying that the maturity period is six months, with a yield rate of 2 percent.

The central bank issued bonds and “tawarruq,” on April 25, at the value of 200 KD million (around USD 660 million) with a three-month maturity and a yield of 1.375 percent.

Source: Kuwait News Agency