Financial and Banking News
LOANS AND ISSUES
Kuwaiti T-Bill Issue Raises KD100mn
The thirteenth issue of Kuwaiti government treasury bills was sold on 1 June.The KD100mn issue was allocated at an average price of 98.411%, equivalent to anaverage yield of 6.373% for the 91-day paper. Bankers reported that in theaftermath of the issue the Central Bank, which has become a significant holderof government debt instruments, was an active buyer of older issue T-bills onthe...