Financial and Banking News
LOANS AND ISSUES
CBK Governor Gives further Details of Kuwaiti Bonds
As part of his campaign to prepare the Kuwaiti financial community for theissue of government debt, the Governor of the Central Bank, Shaikh Salim 'Abdal-'Aziz al-Sa'ud al-Sabah, last week revealed further details of the proposedinstruments. Short-term bills with 90-day maturities are to be issued on anauction system at a discount to their redemption value. Treasury...