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CBB Sukuk Al-Ijara oversubscribed by 590%

May 5, 2021
islamic finance

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 590%.

Subscriptions worth BD 153.400 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 6th May 2021 and matures on 4th November 2021, is 1.70% compared to 1.35% of the previous issue on 8th April 2021.

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

This is issue No.189 (BH0004U267U0) of the short-term Sukuk Al-Ijara series.