The Central Bank of Bahrain (CBB) announced the monthly issue of the Sukuk Al Salam Islamic securities has been oversubscribed by 184%.
Subscriptions worth BD 79 million received for the BD 43 million issue, which carries a maturity of 91 days.
The expected return on the issue, which begins on May 18 and matures on August 17 is 2.30% compared to 1.99% of the previous issue on April 13.
The Sukuk Al Salam are issued by the CBB on behalf of Bahrain’s Government.
This is issue No.253 (BH000198X889) of the short-term Sukuk Al Salam series.
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