VOL. XLVI

No 9

3-March-2003

BAHRAIN

Bahrain Government $80Mn Ijara Bond Issue Three Times Oversubscribed

Bahrain bonds continued to attract strong interest, with the $80mn issue of Government Islamic leasing bonds (sukuk) by the Bahrain Monetary Agency (BMA) oversubscribed by more than three times, the BMA has announced. At the close of subscriptions on 25 February BMA had received tenders worth $255.8mn for the issue of Ijara sukuk, which carries a maturity of three years. We are gratified by the...