MANAMA: The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 200 per cent.

Subscriptions worth BD10 million were received for the BD5m issue, which carries a maturity of 182 days.

The expected return on the issue, which begins tomorrow and matures on February 19, is 2.45pc.

This is issue number 36 of the short-term Sukuk Al Ijara series.