CBB Sukuk Al-Salam Securities oversubscribed by 154%

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Manama, Dec. 12 (BNA): The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 154%.

Subscriptions worth BD 66.133 million were received for the BD 43 million issue, which carries a maturity of 91 days.

The expected return on the issue, which begins on December 18, and matures on March 18, 2020, is 2.56% compared to 2.60 % of the previous issue on November 20.

The Sukuk Al-Salam are issued by the CBB on behalf of Bahrain’s Government.

This is issue No.224 (BH0001772308) of the short-term Sukuk Al-Salam series.