Islamic Finance

Central Bank of Bahrain Sukuk Al-Salam Securities oversubscribed

Published 16 Mar,2021 via bizbahrain - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 686%.

Subscriptions worth BD 294.949 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 17th March 2021 and matures on 16th June 2021, is 1.44% compared to 2.00% of the previous issue on 17th February 2021.

The Sukuk Al-Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This is issue No.239 (BH0003SN3976) of the short-term Sukuk Al-Salam series.

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