BDCB issues $100 million sukuk at 0.25 per cent

The Brunei Darussalam Central Bank (BDCB) has issued a total of $100 million sukuk (Islamic bonds) at a rental rate of 0.25 per cent.

The country’s central bank in a statement recently said that the 202nd issuance of sukuk was made on 13 January 2022 and will mature on 14 April 2022 based on a 91-day or three months tenor.

With the issuance, the Brunei government has thus far distributed over $15.10 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6 April 2006.

The total holdings of the Brunei Government sukuk outstanding as of 13 January 2022 stood at $270 million.

BDCB is the agent to the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances. – Analisa Amu

This article was first published on 22 January 2022 in our Weekly E-Paper issue 177 |  More stories here


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