CBB Sukuk Al-Ijara oversubscribed by 457%


Manama, Oct. 3 (BNA): The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 457%.

Subscriptions worth BD 118.783 million were received for the BD 26 million issue, which carries a maturity of 182 days.

The expected return on the issue, which begins on October 5 and matures on April 4, 2024, is 6.39% compared to 6.46% of the previous issue on September 7.

The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This is issue No.218 (BH000F964712) of the short-term Sukuk Al-Ijara series.

H.F.




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