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CBB Sukuk Al-Ijara oversubscribed by 560%

December 9, 2020
islamic finance

Manama, Dec. 8 (BNA): 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 560%.

Subscriptions worth BD 145.482 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 December 100and matures on June 10, 2021, is 2.60% equivalent to the previous issue on November 5.

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

This is issue No.184 (BH0001K5N624) of the short-term Sukuk Al-Ijara series.

bna