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CBB Sukuk Al Salam Securities oversubscribed by 346%

October 13, 2020
banking

Manama, Oct. 12 (BNA): The monthly issue of the Sukuk Al Salam Islamic securities has been oversubscribed by 346%, the Central Bank of Bahrain (CBB) has announced.

Subscriptions worth BD 148.791 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 October 14, 2020 and matures on January 13, 2021, is 2.22% compared to 2.24% of the previous issue on September 16, 2020.

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

This is issue No.234 (BH0004K3Y474) of the short-term Sukuk Al-Salam series.

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