Manama, Apr. 15 (BNA): The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 529%.
Subscriptions worth BD 227.373 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 April 17 and matures on July 17, is 3.62% compared to 3.95% for the previous issue on March 20.
The Sukuk Al-Salam are issued by the CBB on behalf of the Government of Bahrain.
This is issue No.216 (BH000IE47192) of the short-term Sukuk Al-Salam series.