Kuwait's Central Bank said it would issue KD200 million ($678m/Dh2,489m) of one-year treasury bonds on March 18, having received bids worth six times that amount as banks search for ways to soak up excess liquidity.
Central bank data showed it received KD1.26bn in bids for the bonds, which carry a coupon of 2.25 per cent and mature March 17, 2010.
The move came days after the Gulf Arab state issued KD107m worth of treasury bonds with the same coupon on March 11, having received bids worth KD602m.
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