Sukuk success

MANAMA: The Central Bank of Bahrain has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 220 per cent.

Subscriptions worth BD43.9 million were received for the BD20m issue, which carries a maturity of 182 days. The expected return on the issue, which begins tomorrow and matures on November 14, is 0.85pc equivalent to 0.85pc for the previous issue on April 18.

-GDN, May 15, 2013