Bahrain's $47m sukuk oversubscribed
Manama, December 27, 2011
The Central Bank of Bahrain (CBB) said that the monthly issue of the Sukuk Al Salam Islamic securities for the BD18 million (BD47.7 million) issue, which carries a maturity of 91 days, has been subscribed by 183 per cent.
The expected return on the issue, which begins tomorrow and matures on 28 March 2012, is 1.25 per cent.
The securities are issued by the CBB on behalf of the Bahrain government. – TradeArabia News Service