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FINANCIAL NEWS
Kuwait cbank issues $320m bonds
13 May 2010
(MENAFN) The Central Bank of Kuwait announced issuing $320.9 million worth of bonds, Reuters reported.
The bank issued a two-year treasury bond worth $114 million, with a coupon rate of 1.375 percent, and a one-year treasury bond worth $207 million with a coupon of 1.25 percent.
Bids for both issues amounted to $140.9 billion, central bank data showed. The bank sold a one-year paper worth $431.9 million with a coupon of 1.25 percent on May 5.
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