The Kuwait Central Bank (KCB) has announced its intention to issue bonds and associated tawarruq totaling KD240 million ($792 million).
In a statement, the KCB detailed that this issuance will span a period of three months, offering a return rate of 4.375 percent. Previously, on August 19, the KCB had announced a similar allocation for bonds and tawarruq at the same total value and return rate for a three-month duration.
In April 2024, the Central Bank of Kuwait (CBK) had also disclosed the issuance of bonds and tawarruq totaling KD240 million. As reported by the Kuwait News Agency (KUNA), this issuance was set to be valid for three months, with a return rate of 4.375 percent.
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Back in October 2023, the CBK allocated KD240 million for a three-month term for the issuance of bonds and tawarruq, again at a return rate of 4.375 percent. In June 2023, the bank allocated the same amount for a three-month period but offered a slightly lower return rate of 4.250 percent. Additionally, a separate issuance of KD230 million took place over six months, featuring the same return rate of 4.375 percent.
Furthermore, in May 2023, the CBK issued bonds and tawarruq totaling KD240 million.
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