Central Bank Issues Bonds and Public Debt Paper Worth KD 150 Million

The Central Bank of Kuwait announced the issuance of treasury bonds and the securitization of public debt, on behalf of the Ministry of Finance, with a total value of 150 million Kuwaiti dinars, maturing in seven years, at a uniform yield of 4.125%. According to issuance data, the total value of submitted bids amounted to 386 million dinars, representing an oversubscription ratio of approximately 2.57 times. The median bid yield was 4.188%, with yields ranging from a minimum acceptable bid of 2% to a maximum submitted bid of 4.875%. A total of 32 competitive bids were submitted, of which 16 were accepted. The bonds will mature on October 19, 2033. Coupon payments will be made every six months, based on a variable yield formula linked to the yield of the Central Bank of Kuwait’s six-month treasury bills, plus a specified margin.