AMBD issues $100 million sukuk at rental rate of 1.6875 percent

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A view of the AMBD gallery at its headquarters in Berakas. Image: Ridhwan Kamarulzaman

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.

The Bruneian