No 14



Bahrain $100Mn Ijara Bond Issue Oversubscribed

The $100mn issue of government Islamic leasing bonds (Ijara sukuk) made through the Bahrain Monetary Agency (BMA) was oversubscribed, with offers amounting to $112.8mn at the close of subscriptions on 30 March, the BMA announced. The issue date for the five-year bonds was 2 April and they mature in April 2008. The rental return, which is to be paid twice a year on 2 April and 2 October each year is 3.75%, up from...