VOL. XLV

No 47

25-November-2002

BAHRAIN

Bahrains $50Mn Islamic Bond Issue Heavily Oversubscribed

The Bahrain Monetary Agency (BMA) has announced that its fourth issue of Islamic leasing bonds (Sukuk) which went ahead on 17 November was heavily oversubscribed with bids submitted totaling $238mn. The bonds, which were open to all commercial banks, Islamic financial institutions and insurance firms operating in Bahrain, are guaranteed by the Government of Bahrain. They have a maturity of three years...