BDCB issues $50 million sukuk at 0.75 per cent

The Brunei Darussalam Central Bank (BDCB) has issued a total of $50 million sukuk (Islamic bonds) at a rental rate of 0.75 per cent.

The country’s central bank in a statement recently said that the 204th issuance of sukuk was made on 10 March 2022 and will mature on 9 March 2023 based on a 364-day or 12-month tenor.

With the issuance, the Brunei government has thus far distributed over $15.25 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 10 March 2022 stood at $305 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


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