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Sukuk
Ijarah
Kingdom of Bahrain USD 1bn Ijarah Sukuk 2032
Kingdom of Bahrain · Bahrain
High yielding sovereign Ijarah sukuk from a long-standing Islamic finance centre.
Key terms
- Issuer profile
- Kingdom of Bahrain
- ISIN
- XS2412001234
- Structure
- Ijarah
- Issue size
- $1B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- London Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 6.25% (fixed)
- Indicative price
- 95.72
- Yield to maturity
- 7.207%
- Spread
- 285 bps
- Ratings
- B2 / B+ / B+
Key dates
- Issue date
- 12 Feb 2025
- Maturity date
- 12 Feb 2032
- Tenor
- 7 years
Shariah information
- Shariah advisor
- Central Bank of Bahrain Shariah board
- AAOIFI aligned
- ✓
- Underlying asset
- Sovereign real estate leased under Ijarah
- Use of proceeds
- General budgetary purposes