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Sukuk Al-Ijara oversubscribed by 680%

September 8, 2021
islamic finance

Manama, Sept. 8 (BNA): The monthly issue of the short-term Islamic leasing bonds Sukuk Al-Ijara has been oversubscribed by 680%, the Central Bank of Bahrain (CBB) has announced.

Subscriptions worth BD 176.766 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 September 9, 2021 and matures on March 10, 2022, is 1.49% compared to 1.51% of the previous issue on August 5, 2021.

The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This is issue No.193 (BH0009925IB6) of the short-term Sukuk Al-Ijara series.