CBB Sukuk Al-Salam Securities oversubscribed 197%
The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 197%.
Subscriptions worth BD 84.706 million were received for the BD 43 million issue, which carries a maturity of 91 days.
The expected return on the issue, which begins on May 17 and matures on August 16, is 6.15% compared to 5.80% of the previous issue on April 12.
The Sukuk Al-Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue No.265 (BH00060152O7) of the short-term Sukuk Al-Salam series.
Source: Bahrain News Agency