CBB Sukuk Al-Ijara oversubscribed by 465%

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August 8, 2020

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August 6, 2020

Tokyo, Aug. 6 (BNA): Toyota Motor forecasts its net profit for the current financial year will drop 64.1 percent from the previous year to 730 billion yen ($6.9 billion) due to the fallout from the Covid-19 pandemic, it said on Thursday.

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CBB Sukuk Al-Ijara oversubscribed by 465%

Bahrain, July 8, 2020

The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 465%.

Subscriptions worth BD 120.845 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 9th July 2020 and matures on 7th January 2021, is 2.58% compared to 2.62 of the previous issue on 11th June 2020.

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

This is issue No.179 (BH00080RYZ44) of the short-term Sukuk Al-Ijara series.

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