VOL. XXXII

NO. 26

3-APRIL-1989

Financial and Banking News

LOANS AND ISSUES

Kuwait T-Bill Issue Increases Debt

The Kuwaiti Government last week surprised the market by going ahead with anew issue of treasury bills which has increased the volume of outstanding bills- unchanged since August last year - to KD920mn. The KD150mn issue was made on29 March and was the first to take advantage of the increase in the publicdebt ceiling which was approved earlier this month (MEES, 27 March).