BANDAR SERI BEGAWAN
The Autoriti Monetari Brunei Darussalam (AMBD) has issued a $100 million sukuk (Islamic bonds) at a rental rate of 1.6875 percent.
The sultanate’s central bank in a statement recently said the 166th sukuk issuance was made on February 7, 2019 and will mature on May 9, 2019, based on a 91-day tenor.
With the recent issuance, the Brunei government has issued over $12.61 billion worth of short-term Sukuk Al-Ijarah securities since its maiden offering on April 6, 2006.
The total holdings of Brunei government sukuk outstanding as of February 7, 2019 stands at $347.5 million.
AMBD is the government’s managing and administering agent for the sukuk issuance.