Kuwait Central Bank issues bonds, Tawarruq worth $792mln

View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Getty Images

The KCB explained that the issuance period is three months, with a return rate of 4.375%

Staff Writer, Qatar News Agency

September 10, 2024

PHOTO
View of Kuwait Central Bank building from across the fish market marina where old fishing boats are standing, Kuwait City - June 17, 2016. Getty Images

Kuwait: The Kuwait Central Bank (KCB) has announced the issuance of bonds and related tawarruq with a total value of KD 240 million (about USD 792 million).

In a statement on Monday, the KCB explained that the issuance period is three months, with a return rate of 4.375 percent.

On Aug. 19, the KCB announced the allocation of issuing bonds and Tawarruq of the same value for three months with the same return rate.

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