CBB’s Latest Sukuk Al-Salam Issue Oversubscribed by 233%

The Central Bank of Bahrain (CBB) announced that its most recent issuance of Sukuk Al-Salam for BHD 43 million was oversubscribed by more than double the amount (233%) to a total of BHD 100.27 million.  

The Sukuk Al-Salam was issued by the CBB on behalf of the Government of the Kingdom of Bahrain, marking the 228th issue in the Government’s short-term Sukuk Al-Salam series.  

The Sukuk which carries a maturity period of 91 days is set to begin on the 15th of April 2020, and will mature on the 15th of July 2020.  

The expected return on the short-term Sukuk issuance is 2.30%, higher than the 2.06% offered on the previous issuance in March 2...