The Central Bank of Bahrain announces that the 9th issue of the US$250 million International Islamic Leasing Sukuk, which was issued on 30th June 2004 on behalf of the government of the Kingdom of Bahrain, has matured and been fully settled on 30th June 2009.
It is worth mentioning that the CBB has recently launched a successful US$ 750 million Islamic Sukuk denominated in US dollar; the first sovereign Islamic Sukuk issued in the region in 2009. The issue was eight-times oversubscribed, and as a result, the original issue size has been increased to US$ 750 million from a US$ 500 million target.
The CBB manages the issuance of Shari’a compliant Sukuks with different tenors in order to provide Shari'a compliant products that would support the Islamic financial industry, in addition to the issuance of other conventional bonds. The Salam Sukuks are issued on monthly basis for a 3-month tenor, whereas the short-term Ijarah Sukuks are issued every month for a 6-month tenor. The CBB also issues weekly Treasury Bills for a 3-month tenor and monthly Treasury Bills for a 6-month tenor.
Global Arab Network