VOL. XLVI

No 6

10-February-2003

BAHRAIN

BMA To Issue $80Mn In Government Islamic Leasing Bonds

The Bahrain Monetary Agency (BMA) announced that it is issuing $80mn of government Islamic leasing bonds (sukuk) on 27 February on behalf of the Bahraini Government. The Ijara sukuk carry a maturity of four years and the rental return will be 3%, to be paid twice a year on 27 August and 27 February each year. BMA will receive subscriptions for the sukuk from 18 February to 25 February 2003.

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