$530m sukuk listed on Bahrain Bourse
Manama, April 27, 2011
The BD200 million ($530.4 million) Government Islamic Leasing Sukuk issued by the Central Bank of Bahrain on behalf of the government has been listed on the Bahrain Bourse.
Bourse director Fouad A Rahman said the five-year sukuk would mature on April 7 2016.
The sukuk pays an annual fixed interest rate of 5.5 per cent payable every six months on October 7 and April 7 during the issuance period.
The minimum investment in the sukuk is BD10,000 or multiples thereof.
Following the listing of the Government Islamic Leasing Sukuk, the number of conventional bonds and sukuk listed on the bourse reached 13 issues with an approximate total value of $4.69 billion.-TradeArabia News Service