CBB Sukuk Al-Ijara Oversubscribed
Published on 3 September 2024
Media Center Press Release
Manama, Bahrain – 3rd September 2024 – 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 396%.
Subscriptions worth BD 103 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 5th September 2024 and matures on 6th March 2025, is 5.94% compared to 6.29% of the previous issue on 1st August 2024.
The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue No.229 (BH0001344629) of the short-term Sukuk Al-Ijara series.