MANAMA: 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 270 per cent.
Subscriptions worth BD54 million were received for the BD20m issue, which carries a maturity of 182 days.
The expected return on the issue, which begins today and matures on February 13, is 0.87pc compared with 0.85pc for the previous issue on July 18.
The Sukuk Al Ijara are issued by the CBB on behalf of the Bahrain government.
(Gulf Daily News / 15 Aug 2013)
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