News Column

Sukuk issue is a success

August 12, 2014

MANAMA: The monthly issue of short-term Islamic leasing bonds, Sukuk Al Ijara, has received subscription to the tune of 315 per cent, the Central Bank of Bahrain (CBB) announced yesterday.

Subscriptions worth BD63 million were received for the BD20m issue.

Carrying a maturity of 182 days, the issue begins tomorrow and matures on February 12.

The expected return on the issue is 0.77pc as against 0.80pc for the previous issue on July 17. The sukuk is issued by the CBB on behalf of the Bahrain government.

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Source: Gulf Daily News (Bahrain)

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