CBB's Sukuk al-Ijara oversubscribed by 335%

GMT 22:41 2014 Wednesday ,17 September

Arab Today, arab today CBB's Sukuk al-Ijara oversubscribed by 335%

Central Bank of Bahrain (CBB)
Manama - BNA

The Central Bank of Bahrain (CBB) on Tuesday announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, had been oversubscribed by 335%.
Subscriptions worth BD67 million were received for the BD20 million issue, which carries a maturity of 182 days.
The expected return on the issue, which begins on 18 September 2014 and matures on 19 March 2015, is 0.80 % compared to 0.77% for the previous issue on 14 August 2014.
The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue No.109 (BH0007Z81796) of the short-term Sukuk Al-Ijara series.

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