CBB Government Development Bond issue No.24 oversubscribed

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Manama, May 3 (BNA): The Central Bank of Bahrain (CBB) announces that the issue of the 5-year Government Development Bond has been oversubscribed by 275%.

 

Subscriptions worth BD 550.178 million were received for the BD 200 million issue, which carries a maturity of 5 years.

 

The fixed annual coupon rate on the issue, which begins on 5th May 2021 and matures on 5th May 2026, is 3.60%.

 

The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

 

This is Government Development Bond issue No.24 (ISIN BH00081VZ6G8).

 

 

 

 

Contact:     External Communications Unit

Central Bank of Bahrain

Tel: +973 17547319

Email: media@cbb.gov.bh

Website: www.cbb.gov.bh

 

 

WHQ