Sukuk oversubscribed

Gulf Daily News: The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 120 per cent.

Subscriptions worth BD6 million were received for the BD5m issue, which carries a maturity of 182 days.

The expected return on the issue, which begins tomorrow and matures on March 26, is 2.35pc.

The Sukuk Al Ijara are issued by the CBB on behalf of the Government of the kingdom of Bahrain.

This is issue number 37 of the short-term Sukuk Al Ijara series.