Sukuk issue a success

25/11/2014 06:25 AST

The monthly issue of Sukuk Al Salam Islamic securities floated to raise BD36 million has received subscription to the tune of 302 per cent, the Central Bank of Bahrain (CBB) announced yesterday.

Carrying a maturity of 91 days, the issue begins tomorrow and matures on February 25 next year.

The expected return on the issue is 0.72pc, same as the previous issue.

The securities are issued by the CBB on behalf of the Bahrain government.


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