CBB Sukuk Al-Salam Securities oversubscribed by 304%

SourceBizbahrain
SectorFinancial Services
CountryBahrain

The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 304%. Subscriptions worth BD 130.745 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 16th September 2020 and matures on 16th December 2020, is 2.24% compared to 2.25% of the previous issue on 19th August 2020. The Sukuk Al-Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.233 (BH00020F1792) of the short-term Sukuk Al-Salam series. Post Views: 54 ...read more...