Financial and Banking News
LOANS AND ISSUES
Kuwaiti T-Bill Issue Underallocated as Rates Rise
Faced with a tight local money market, with three-month rates rising duringthe week from 6.875% to 7.125%, the 26th issue of Kuwaiti government treasurybills was heavily underallocated on 2 November, as the Central Bank sought tokeep rates low. KD246mn worth of bids were received for the KD1OOmn issue, whichreplaced the 18th issue (for the same amount) maturing on the same...