Kuwait city: The Central Bank of Kuwait (CBK) announced on Monday that it issued bonds and related tawarruq estimated at KD 100 million (about USD 330 million) for a six-month term. The securities bear a return rate of 3.750 percent, the central bank told KUNA in a statement.
According to Kuwait News Agency, the issuance is part of CBK's ongoing efforts to manage liquidity in the financial system. The bonds and tawarruq are expected to attract investors looking for secure, short-term investment opportunities with a fixed return rate.