Bahrain Central Bank oversubscribed its Sukuk Al-Salam securities

Arab News: The Central Bank of Bahrain’s monthly issue of Sukuk Al-Salam Islamic security has been oversubscribed by 184 percent. 

In total, it received subscriptions worth $209 million for the $114-million issue, which matures in 91 days, the central bank stated in a statement.

The Sukuk is expected to give a return of 2.30 percent on maturity on August 17, against its previous issue rate of 1.99 percent on April 13, 2022.

CBB issued the Sukuk Al-Salam on behalf of the Government of Bahrain.

Arab Contribution Time: 17-May-2022 09:04 (GMT)
Arab Last Update Time: 17-May-2022 09:04 (GMT)