The monthly issue of the Sukuk Al-Salam Islamic securities was released by the Central Bank of Bahrain (CBB).
Reports show the securities have been subscribed at 102 percent. Subscriptions valued at Bahraini Dinar (BD) 44 million were accepted for the BD 43 million issue, documented with a maturity of 91 days.
The return on the issue begins June 22 and matures Sept. 21 with an anticipated return of 2.05 percent. This is a slight dip compared to the 2.08 percent return for the issue on May 25.
CBB issues the Sukuk Al-Salam on behalf of the government of the Kingdom of Bahrain. The issue number for the short-term Sukuk Al-Ijara series is No.182 (BH0003O200J3).
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