Financial and Banking News
LOANS AND ISSUES
Fifth Kuwaiti Government Issue Over-Subscribed
The Kuwaiti Government announced a 193% oversubscription for its fifth issueof treasury bills on 23 February. A total of KD200mn of the three-month billswere offered, attracting subscriptions of KD385mn. The average price accepted by the Central Bank of Kuwait was 98.749%,equivalent to an annualyield of 5.018%. No bonds were issued, and only KD80mn of the fifth issuerepresents...