CBK issues tawarruq related-bonds worth KD 240 mln

KUWAIT, The Central Bank of Kuwait (CBK) issued, Monday, KD 240 million (USD 792 million) worth of tawarruq bonds, said a statement.

In a statement obtained by KUNA, the CBK announced the most recent issues of bonds related to tawarruq would be for three months with rate of return of three percent.

The last issuance of such bonds by the CBK was on September 23 at KD 200 million (USD 600 million) also for a three-month period.

Source: Kuwait News Agency