Bahrain: Issue of Sukuk Al-Salam Islamic securities over subscribed

Published January 24th, 2011 - 02:06 GMT
Central Bank of Bahrain
Central Bank of Bahrain

The Central Bank of Bahrain (CBB) on Monday announced that the monthly issue of the Sukuk Al-Salam Islamic securities has been over subscribed. Subscriptions worth BD83.2 million (some US$220.5 million) were received for the BD12 million (US$31.8 million) issue, which carries a maturity of 91 days. 

The expected return on the issue, which begins on 26 January 2011 and matures on 27 April 2011, is 0.85%. The securities are issued by the CBB on behalf of the Government of Bahrain. This is issue No.117 of Sukuk Al-Salam securities.

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