CBB Sukuk Al-Salam Securities oversubscribed

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 351%. Subscriptions worth BD 150.836 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 13th January 2021 and matures on 14th April 2021, is 2.20% compared to 2.22% of the previous issue on 16th December 2020. The Sukuk Al-Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.237 (BH0002D26856) of the short-term Sukuk Al-Salam series. Post Views: 46 ...read more...