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Brunei Sells $20M Sukuk Securities

Bandar Seri Begawan - The Ministry of Finance yesterday announced the successful pricing of its 32nd issuance of short-term Sukuk Al-Ijarah securities.

According to a press release, the B$20-million bonds will have a rental rate of 0.30 per cent and will mature in 91 days on September 10, 2009.

With this issuance, the Brunei Government has thus far issued over B$1.6 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on April 6, 2006. -- Courtesy of Borneo Bulletin

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