VOL. XXXI

NO. 8

30-NOVEMBER-1987

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...