Financial and Banking
LOANS AND ISSUES
First Issue of Government KD Bonds and Bills Oversubscribed
Kuwaiti banks and financial institutions last week gave a warm reception tothe government's premier issue of public debt by oversubscribing for the KD200mnon offer. The initial offer comprised four different maturities, as follows:KD120mn of 91-day treasury bills, KD20mn of 6% one-year bonds, KD55mn of 7%five-year bonds and KD5mn of 7% seven-year bonds. The market's...