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Successful Issuance of BDCB Islamic Bills 121st Series

Source : BDCB

11 May, 2023

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Bandar Seri Begawan, Brunei Darussalam (May 2023) – Brunei Darussalam Central Bank (BDCB) is pleased to announce the successful pricing of its 121st issuance of BDCB I-Bills. The total of the sukuk issuance was BND20 million with the following details: Series: 121 Issuance Date: 11 May 2023 Maturity Date: 25 May 2023 Tenor: 14 Days Rate: 3.4000% With this issuance, BDCB thus far has issued BND3.045 billion worth of short-term BDCB I-Bills since the maiden offering on 22 October 2020, and the total holdings of the BDCB I-Bills outstanding as at 11 May 2023 stood at BND20 million.

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One component of Brunei Darussalam's financial ecosystem that has scope for enhancement is the development of Brunei Darussalam as a prominent hub for Islamic finance. In this regard, the website aims to provide access to information, analysis and insights into the Islamic finance industry and other unique Islamic economy opportunities across different sectors in Brunei. The website will help increase awareness and contribute to the growth and development of the Islamic finance industry in Brunei.

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