Financial and Banking News
LOANS AND ISSUES
Oversubscription of Third Kuwaiti Government Issue Leads to Increase
The Central Bank of Kuwait on 7 December increased the amount of its thirdissue of government securities from KD150mn to KD303mn following massiveoversubscription. For the KD100mn bills on offer a total of KD332mn was bid, andthe Central Bank increased the issue to KD228mn. The average issue price asaccepted by the Central Bank was 99.078% and the...