Manama: The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al Salam Islamic securities has been oversubscribed by 271%. Subscriptions worth BD 135.461 million were received for the BD 50 million issue, which carries a maturity of 91 days.
According to Bahrain News Agency, the expected return on the issue, which begins on May 13 and matures on August 12, is 5.32%, compared to 5.31% of the previous issue on April 8. The Sukuk Al Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.301 (BH0008146845) of the short-term Sukuk Al Salam series.