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