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CBK allocates issuance of bonds and securitization at KD 320 mln

The Central Bank of Kuwait announced on Monday the allocation of issuance of bonds and tawarruq valued at KD 320 mln (about USD 1.05 billion).

In a statement carried by Kuwait News Agency (KUNA), the bank said that the value of the first issuance amounted to KD 160 mln (about USD 528 mln) for three months with a return rate of 4.250 percent. The value of the second issuance amounted to KD 160 mln for six months with a return rate of 4.375 percent. On May 1, the Central Bank of Kuwait announced the allocation of issuing bonds and securitization of 200 million Kuwaiti Dinars (about USD 660 million) for three months term.

Source: Kuwait News Agency (KUNA)