Kuwait central bank issues KD 240 mln Tawarruq, bonds

The Central Bank of Kuwait (CBK) on Monday declared the issuance of Tawarruq and bonds worth KD 240 million (about USD 792 million).

The issue’s maturity period is three months, with a return rate of 1.250 percent, the CBK said in a statement to KUNA. On April 26, the CBK issued bonds and Tawarruq worth KD 200 million (USD 660 million) with a return rate of 1.375 percent for a three-month maturity.

Source: Kuwait News Agency