MANAMA, SEPT. 23 (BNA) -- THE CENTRAL BANK OF BAHRAIN (CBB) ANNOUNCES THAT THE MONTHLY ISSUE OF THE SHORT-TERM ISLAMIC LEASING BONDS, SUKUK AL-IJARA, HAS BEEN OVERSUBSCRIBED BY 120 PERCENT. SUBSCRIPTIONS WORTH BD6 MILLIONS WERE RECEIVED FOR THE BD5 MILLIONS ISSUE, WHICH CARRIES A MATURITY OF 182 DAYS. THE EXPECTED RETURN ON THE ISSUE, WHICH BEGINS ON 25 SEPTEMBER 2008 AND MATURES ON 26 MARCH 2009, IS 2. 35 PERCENT. THE SUKUK AL-IJARA ARE ISSUED BY THE CBB ON BEHALF OF THE GOVERNMENT OF THE KINGDOM OF BAHRAIN.
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