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CBB Sukuk Al Ijara oversubscribed by 419%

October 7, 2020
bankingislamic finance

Manama, Oct. 6 (BNA): The monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 419%, the Central Bank of Bahrain (CBB) has announced.

Subscriptions worth BD 109.048 million were received for the BD 26 million issue, which carries a maturity of 182 days, the CBB said.

The expected return on the issue, which begins on October 8, 2020 and matures on April 8, 2021, is 2.60% compared to 2.54 of the previous issue on September 10, 2020.

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

This is issue No.182 (BH00019C3DV8) of the short-term Sukuk Al-Ijara series.

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