VOL. XLVI

No 22

2-June-2003

CAPITAL MARKETS

Bahrain $250Mn Ijara Bond Issue Oversubscribed

Bahrains $250mn issue of Islamic leasing bonds (Ijara sukuk) has been oversubscribed by $99mn, according to the Bahrain Monetary Agency (BMA). The issue, which is the seventh and largest-ever offering of Bahrain Government Islamic bond, was arranged by the Liquidity Management Centre (LMC) and the BMA. The five-year issue, which started on 27 May 2003 and matures on 27 May 2008, brings to a total of $730mn...