Islamic Finance

CBB Sukuk Al-Ijara oversubscribed by 465%

Published 08 Jul,2020 via bizbahrain - 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 465%.

Subscriptions worth BD 120.845 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 9th July 2020 and matures on 7th January 2021, is 2.58% compared to 2.62 of the previous issue on 11th June 2020.

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

This is issue No.179 (BH00080RYZ44) of the short-term Sukuk Al-Ijara series.

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