Bahrain central bank Sukuk Al-Ijara oversubscribed by 870%
- Date: 11-Mar-2021
- Source: Salaam Gateway
- Sector:Financial Services
- Country:Bahrain
Bahrain central bank Sukuk Al-Ijara oversubscribed by 870%
Published 10 Mar,2021 via bizbahrain - 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 870%.
Subscriptions worth BD 226.195 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 11th March 2021 and matures on 9th September 2021, is 1.69% compared to 2.35 of the previous issue on 4th February 2021.
The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
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