The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 358 per cent.
Subscriptions worth BD93.186 million were received for the BD26m issue, which carries a maturity of 182 days.
The expected return on the issue, which begins today and matures on February 4 next year, is 2.50 per cent compared to 2.58 of the previous issue on July 9.
The Sukuk Al Ijara are issued by the CBB on behalf of the government.
Source Zawya