The Central Bank of Bahrain (CBB) announces that the new issue of the long term Islamic leasing, three year Sukuk Al-Ijarah, has been oversubscribed by 152 per cent.
Subscriptions worth BHD 190 million were received for the BHD 125 million issue, which carries a maturity of three years. The expected return on the issue, which begins on 17 July 2017 and matures on 17 July 2020, is 4.2 per cent.
The Sukuk Al-Ijarah are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.24 (ISIN BH0009039510) of the long-term Sukuk Al-Ijarah series.
Source: CPI Financial