Hot News Headlines
SEARCH
Business News

Sukuk issue a big success

MANAMA: The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 270 per cent.

Subscriptions worth BD54 million were received for the BD20m issue, which carries a maturity of 182 days.

The expected return on the issue, which begins today and matures on February 13, is 0.87pc compared with 0.85pc for the previous issue on July 18.

The Sukuk Al Ijara are issued by the CBB on behalf of the Bahrain government.

This is issue No 96 (BH00024J7288) of the short-term Sukuk Al Ijara series.



default img Print Email Write comments  Bookmark and Share  
More Stories

click on image to view the digital edition