MANAMA: The latest monthly issue of the Sukuk Al Salam Islamic securities has received subscription to the tune of 513 per cent, the Central Bank of Bahrain (CBB) announced yesterday.

Subscriptions worth BD220.467 million were received for the BD43m issue, which carries a maturity of 91 days.

The expected interest rate on the issue, which begins tomorrow and matures on September 15, 2021, is 1.6pc.

The sukuk are issued by the CBB on behalf of the government.

This is issue No.242 (BH000OU48W78) of the short-term Sukuk Al Salam series.

© Copyright 2020 www.gdnonline.com

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.