Kuwait City: The Central Bank of Kuwait announced Monday the allocation of bonds and tawarruq issuance worth KD 200 million (approximately $660 million).

According to Qatar News Agency, the Central Bank stated that the maturity of the issuance is three months, with an interest rate of 4.125 percent. This follows a previous announcement by the Central Bank of Kuwait regarding the allocation of a bond and tawarruq issuance worth KD 240 million (around $792 million) on March 17. The prior issuance also had a three-month maturity and an interest rate of 4.125 percent.