CBB Sukuk Al-Ijara oversubscribed

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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 477%.

Subscriptions worth BD 124 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 7th January 2021 and matures on 8th July 2021, is 2.58% compared to 2.60 of the previous issue on 10th December 2020.

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

This is issue No.185 (BH0001C80006) of the short-term Sukuk Al-Ijara series.

SOURCE: BIZBAHRAIN

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