Bahrain Bourse announced on Tuesday the listing of BD160 million, Government Islamic Leasing Sukuk as of Wednesday August 8th 2012. The sukuk were issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain.
“The face value of the sukuk is BD10000 that will mature in five years, starting from 17 July 2012 until 17 July 2017. The sukuk pays an annual fixed rate of return of 4.3% payable every six months on 17th January and 17th July during the issuance period. The minimum amount of investment in the sukuk is BD10000 or multiples thereof,” Bahrain Bourse in a statement said.
“Following the listing of the Government Islamic Leasing Sukuk, the number of conventional bonds and sukuk listed on the bourse reached 10 issues with an approximate total value of $3.21 billion,” the statement added.