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CBB Sukuk Al-Salam Securities oversubscribed by 330%

July 8, 2022
islamic finance

Manama, July 7 (BNA): The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 330%.

Subscriptions worth BD 141.769 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 July 13 and matures on October 12, is 3.96% compared to 2.96% of the previous issue on June 15.

The Sukuk Al-Salam are issued by the CBB on behalf of the Government of Bahrain. This is issue No.255 (BH0008F91639) of the short-term Sukuk Al-Salam series.