Kuwait's central bank will issue KD85 million ($296 million) worth of one-year bonds with a coupon of 1.25 per cent on Wednesday, its data showed on Monday.

Bids reached KD504.5 million in its Monday auction, well up from KD293 million in the previous tender a week ago, central bank data showed.

The central bank sold a one-year paper worth KD50 million on April 14.-Reuters