By Elias Al Helou
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Kuwait’s Central Bank issues $1.2bn worth of bonds, tawarruq

The maturity period will be 6 months, with a rate of return standing at 2%
Kuwait’s Central Bank issues $1.2bn worth of bonds, tawarruq
Kuwait's Central Bank

The Central Bank of Kuwait (CBK) has issued bonds and Tawarruq with an accumulated value of 360 million Kuwaiti dinars ($1.2 billion).

In a statement, CBK announced the maturity period will be six months, with a rate of return standing at 2 percent.

Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.

On May 23, Kuwait’s Central Bank allocated bonds and Tawarruq valued at 240 million Kuwaiti dinars with three-month maturity and a yield rate of 1.625 percent.

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