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.
Source: Bahrain News Agency