THE Ministry of Finance announced the pricing for its 42nd and 43rd issuances of short-term Sukuk Al-Ijarah securities. Series 42 and 43 total up to $100 million, divided into $70 million and $30 million respectively.
The bonds carry a maturity period of 91 days, although Series 42 floats a rental rate of 0.38 per cent, beginning on March 25, 2010 with a maturity date of June 24, 2010. Series 43 begins maturity on April 1, 2010, ending on July 1, 2010 and floats a slightly lower rental rate of approximately 0.35 per cent.