Bahrain to list key $424m sukuk

Manama, August 8, 2012

Bahrain Bourse has announced the listing of a government leasing sukuk (Islamic bond) worth BD160 million ($424 million) which pays an annual fixed rate of return of 4.3 per cent.

The sukuk, issued by the Central Bank of Bahrain on behalf of the Government, has a face value of BD10,000. It is set to mature in five years on July 17, 2017.

It is payable every six months on January 17 and July 17 of the issuance period.

The minimum amount of investment in the sukuk is BD10,000 or multiples thereof.

Following this listing, the number of conventional bonds and sukuk listed on the bourse has reached 10, valued at about $3.21 billion.-TradeArabia News Service

Tags: sukuk | Bahrain Bourse |