Manama, Apr. 30 (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 258%.
Subscriptions worth BD 67.139 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 May 2 and matures on October 31, is 5.90%, equivalent to the previous issue on April 4.
The Sukuk Al Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue No.225 (BH000199P388) of the short-term Sukuk Al Ijara series.
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