CBB Sukuk Al-Salam securities oversubscribed
- Date: 09-Oct-2023
- Source: Zawya
- Sector:Financial Markets
- Country:UAE
CBB Sukuk Al-Salam securities oversubscribed
Manama, Bahrain – The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 382%.
Subscriptions worth BD 164.046 million were received for the BD 43 million issue, which carries a maturity of 91 days.
The expected return on the issue, which begins on 11th October 2023 and matures on 10th January 2024, is 6.40% equivalent to the previous issue on 13th September 2023.
The Sukuk Al-Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue No.270 (BH0009978329) of the short-term Sukuk Al-Salam series.
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