Kuwait Issues 150 Million KD Public Debt Bonds for 7 Years
Issuance of treasury bills and securitization of public debt worth 150 million KD for a period of 7 years.
Translated by Qiyas from الجريدة — Original source
The Central Bank of Kuwait announced the issuance of treasury bills and the securitization of public debt, on behalf of the Ministry of Finance, with a total value of 150 million Kuwaiti dinars for a seven-year term, through a competitive auction with a uniform yield of 4.125%.
According to the issuance data, the total value of bids submitted amounted to 386 million Kuwaiti dinars, representing an oversubscription ratio of approximately 2.57 times. The median yield of the bids was 4.188%, with the highest bid yield reaching 4.875%, while the lowest accepted yield was 2%. A total of 32 competitive bids were submitted, of which 16 were accepted.
The issuance included treasury bills and public debt securitization operations, with a maturity date of October 19, 2033. Interest payments will be made every six months, based on a variable yield formula linked to the Central Bank of Kuwait’s six-month bill yield, plus a specified margin.
