CBB Sukuk Al-Ijara oversubscribed by 188%

CBB Sukuk Al-Ijara oversubscribed by 188%

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 188%. Subscriptions worth BD 48.857 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 6 October 2022 and matures on 6 April 2023, is 4.70% compared to 3.95% of the previous issue on 8 September 2022. The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue of the short-term Sukuk Al-Ijara series.