RIYADH: The Central Bank of Bahrain’s monthly issue of Sukuk Al-Salam Islamic security has been oversubscribed by 184 percent.
In total, it received subscriptions worth $209 million for the $114-million issue, which matures in 91 days, the central bank stated in a statement.
The Sukuk is expected to give a return of 2.30 percent on maturity on August 17, against its previous issue rate of 1.99 percent on April 13, 2022.
CBB issued the Sukuk Al-Salam on behalf of the Government of Bahrain.
