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CBB Sukuk Al Ijara oversubscribed by 248%

July 6, 2022
islamic finance

Manama, July 5 (BNA): The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara was oversubscribed by 248%.

Subscriptions worth BD 64.5 million were received for the BD 26 million issues that carry a maturity of 182 days.

The expected return on the issue begins on July 7 and matures on January 5, 2023, is 4.05% compared to 3.15% of the previous issue on June 9.

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

This is issue No.203 (BH0004910517) of the short-term Sukuk Al Ijara series.