Bahrain’s April 2020 Sukuk Al-Ijara has been Issued

The Central Bank of Bahrain (CBB) announced that the monthly issuance of Islamic government short-term Sukuk (Sukuk Al-Ijara) for April 2020 has been oversubscribed.

In a press release on its website, CBB stated that the BHD 26 million Sukuk issuance attracted subscriptions worth BHD 47.957 million, resulting in an oversubscription of 184%.

CBB stated that the Sukuk will be for a period of 6 months and expected to mature on the 8th of October 2020. This Sukuk will carry a higher profit rate of 2.70% compared to the previous issue in March 2020 that carried a profit rate of 2.10%.

In the press release by CBB, it also noted that it has issued the...