Manama, Bahrain – The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 319 percent.
Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days.
The expected return on the issue, which begins on August 16 and matures on November 15, is 6.25 percent compared to 6.10 percent of the previous issue on July 12.
The Sukuk Al-Salam are issued by the CBB on behalf of the Government of Bahrain.
This is issue No.268 (BH0009F01Z42) of the short-term Sukuk Al-Salam series.