Bahrain: BD 95 million government sukuk listed on BSE
Director of the Bahrain Stock Exchange Mr. Fouad Rashid issued Wednesday a resolution to list a BD95 million Islamic Leasing (Ijara) Sukuk of the Kingdom of Bahrain that was issued by the Central Bank of Bahrain on behalf of the Government of the Kingdom of Bahrain.
The five-year Sukuk issued on 3rd of October 2007 will mature on 3rd of October 2012. The face value of the Sukuk is BD10,000, with a floating rate of (30) basis over rate of LIBOR paid each six months, on 3rd of April and 3rd of October every year throughout the period of this issue.
This issue has been rated as (A) by Standard & Poor International Credit Rating Company.
Following the listing of this Sukuk issue, the number of Islamic Sukuk and conventional bonds listed on the Exchange raised to 17 issues with a total value exceeding US$ 3.51 billion.