CBB Sukuk Al-Ijara oversubscribed by 240%

Manama,  – (BNA): The Central Bank of Bahrain (CBB) announced yesterday that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, had been oversubscribed by 240%.Subscriptions worth BD 48 million were received for the BD 20 million issue, which carries a maturity of 182 days.The expected return on the issue, which begins on

Manama,  – (BNA): The Central Bank of Bahrain (CBB) announced yesterday that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, had been oversubscribed by 240%.

Subscriptions worth BD 48 million were received for the BD 20 million issue, which carries a maturity of 182 days.

The expected return on the issue, which begins on 17 July 2014 and matures on 15 January 2015, is 0.80 % compared to 0.85% for the previous issue on 19 June 2014. The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This is issue No.107 (BH0007696949) of the short-term Sukuk Al-Ijara series. Source: www.cbb.gov.bh

Posts Carousel

Leave a Comment

You must be logged in to post a comment.