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Bahrain C.bank issues BHD 43m Sukuk

Bahrain C.bank issues BHD 43m Sukuk
The Sukuk issue has an expected yield of 3.62%

Mubasher: The Central Bank of Bahrain (CBB) on Monday stated that the BHD 43 million short-term Sukuk issue, has been oversubscribed by 529%.

The Sukuk issue has an expected yield of 3.62%, compared to a 3.95% yield in the issue offered on 20 March, according to a press release.

The Islamic bonds are issued by the CBB on behalf of the Bahraini government.

The issue has a 91-day maturity, starting from 17 April until 17 July.