CBB BD20m sukuk Al-Ijara fetches BD55.25m

The Central Bank of Bahrain (CBB) announced its BD20 million monthly issue 98 (BH0007171125) of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been subscribed by 276 per cent.

Subscriptions worth BD55.25million were received for the BD20million issue which carries a maturity of 182 days.

The expected return on the issue, which begins on 17 October 2013 and matures on 17 April 2014, is 1.00 % compared to 0.95% for the previous issue on 19th September 2013

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