BMA Replaces Planned Conventional Issue With Ijara Bonds
The Bahrain Monetary Agency (BMA) announced on 17 March that it will issue $100mn of government Islamic leasing bonds (sukuk) on 2 April, replacing a BD40mn ($106mn) offering of conventional government bonds which was originally planned for that date as part of the government debt calendar. The decision to substitute a conventional bond issue with Ijara sukuk was made in view of the huge success of all...
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