Bonds are essentially loans
Tuesday, March 23 - 2010 -
Kuwait issues treasury bonds worth $346m Kuwait
Kuwait's central bank said yesterday it issued 100 million dinars ($346m) of one-year treasury bonds with a coupon of 1.25%. Investors submitted 548 million dinars in bids for the bonds, the central bank said on its website. The bond matures on March 23, 2011.
AP
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Kuwait to launch $275m bond scheme on April 8
Monday, 06 April 2009
Kuwait's central bank said it would issue KD80m ($275.1m) worth of one-year treasury bonds on April 8 carrying a coupon of 2.25 percent, the fifth issue this year amid strong demand.
Central bank data showed on Monday that the bond issue, which matures April 7, 2010, received KD674.5m of bids.
The last issue was on March 25 for a KD92m worth of treasury bonds with the same coupon, which received bids worth eight times its amount as banks look to ways to soak up excess cash.
Last month, Governor Sheikh Salem Abdul Aziz Al Sabah said there is excess liquidity in the Gulf Arab state that the central bank was "mopping up".
Kuwaiti banks have become prudent after the state was forced to step in and rescue one of the country's biggest banks, Gulf Bank, last year, and as they await the implementation of a $5bn stimulus package.
Last week, Kuwait's cabinet approved a bylaw to implement the state's $5bn stimulus package, which will come into effect once it is published in the official gazette.
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Kuwait central bank to issue $678m in bonds
Monday, 16 March 2009
Kuwait's central bank said it would issue 200 million dinars ($678m) of one-year treasury bonds on Mar. 18 carrying a coupon of 2.25 percent.Central bank data showed it received 1.26 billion dinars of bids for the bonds, which mature March 17, 2010. The previous issue was on March 11 and included 107 million dinars worth of treasury bonds with the same coupon.
http://www.arabianbusiness.com/549687-kuwait-central-bank-to-issue-678mn-in-bonds
