CBB Sukuk Al-Ijara oversubscribed by 501%
- Date: 04-Nov-2020
- Source: Bizbahrain
- Sector:Financial Services
- Country:Bahrain
CBB Sukuk Al-Ijara oversubscribed by 501%
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 501%.
Subscriptions worth BD 130.239 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 5th November 2020 and matures on 6th May 2021, is 2.60% equivalent to the previous issue on 8 October 2020.
The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue No.183 (BH000 H0001282795) of the short-term Sukuk Al-Ijara series.
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