CBB Sukuk Al-Salam Securities oversubscribed by 272%

CBB Sukuk Al-Salam Securities oversubscribed by 272%

The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 272%. Subscriptions worth BD 116.945 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 17 November 2021 and matures on 16 February 2022, is 1.43% compared to 1.40% of the previous issue on 13 October 2021. The Sukuk Al-Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue of the short-term Sukuk Al-Salam series.