The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 173%.
Subscriptions worth BD 74.289 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 July 12 and matures on October 11, is 6.10% equivalent to the previous issue on June 14.
The Sukuk Al Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue No.267 (BH00035677R8) of the short-term Sukuk Al Salam series.
Source: Bahrain News Agency