AMBD issues $24.5 million sukuk at rental rate of 1.8125 percent

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The Ministry of Finance and Economy building where the AMBD is headquartered. Image: Ridhwan Kamarulzaman

BANDAR SERI BEGAWAN

The Autoriti Monetari Brunei Darussalam (AMBD) has issued a $24.5 million sukuk (Islamic bonds) at a rental rate of 1.8125 percent.

The sultanate’s central bank in a statement recently said the 167th sukuk issuance was made on March 7, 2019 and will mature on March 5, 2020, based on a 364-day tenure.

With the recent issuance, the Brunei government has issued over $12.63 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 March 7, 2019 stands at $332 million.

AMBD is the government’s managing and administering agent for the sukuk issuance.

The Bruneian