The Central Bank of Bahrain (CBB) said the monthly issue of its Sukuk Al-Salam Islamic securities has been oversubscribed by 408.3 per cent. The securities were issued by the CBB on behalf of the government of Bahrain.

The subscriptions worth BD49 million were received for the BD12 million issue, which carries a maturity of 91 days, said a statement from CBB.

The expected return on the issue, which begins on June 2 and matures on September 1, is 0.85 per cent.-TradeArabia News Service