The Central Bank of Bahrain (CBB) announced yesterday that its monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, had been oversubscribed by 260%. Subscriptions worth BD 52 million were received for the BD 20 million issue, which carries a maturity of 182 days.
The expected return on the issue, which begins on 14 February 2013 and matures on 15 August 2013, is 1.10%.
The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
Read more: http://www.gulfbase.com/news/cbb-sukuk-al-ijara-oversubscribed-by------/229177?pageID=157
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