Kuwait Central Bank Issues Bonds, Tawarruq Worth KD 240 Million

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. Source: Qatar News Agency