The Central Bank of Bahrain (CBB) announced on 21 July that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD36 million issue, which carries a maturity of 91 days, has been oversubscribed by 306%.
The expected return on the issue, which begins on 23 July 2014 and matures on 22 October 2014, is 0.70%, unchanged from the previous issue.
The securities are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
The news follows a 15 July announcement that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, had been oversubscribed by 240%.
Subscriptions worth BD48 million were received for the BD20 million issue, which carries a maturity of 182 days.
The expected return on the issue, which began on 17 July 2014 and matures on 15 January 2015, is 0.80 % compared to 0.85% for the previous issue on 19 June 2014.
Sukuk Al-Ijara are also issued by the CBB on behalf of the Government of the Kingdom of Bahrain.