25th Issue of Government Development Bond through BHB commencement announced

Manama, Bahrain Bourse (BHB) announced that as of Thursday, and according to the invitation announced by the Central Bank of Bahrain (CBB), Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Development Bond Issue 25 (BHD 150 million) that has been issued by the CBB on behalf of the Government of Bahrain by executing their orders through registered brokers at Bahrain Bourse.

 

Thereafter, investors will be able to trade the Bond on the secondary market at BHB once listed on BHB, which is expected to be on the July 1.

 

Bahrain Bourse specified that the subscription period through the registered brokers is effective onJune 10 starting from 9:30 AM until June 15.

 

The subscription will be open on Thursday until Monday from 9:30 AM until 1:00 PM and on Tuesday from 9:30 AM until 10:15 AM. Minimum subscription size is 500 bond per subscriber. Allocation will be on the basis of the first 10,000 of bonds for each subscriber and the remaining quantity will be allocated on a pro-rata basis.

 

The BHD 150 million Bond issued at a par value of BHD 1 each on June 17 for a period of 5 years maturing on June 17, 2026. The annual fixed return on these securities is 3.60%, and will be paid bi-annually on June 17 and December 17 of every year throughout the period of this issue.

 

The Central Bank of Bahrain issued the Government Development Bond on behalf of the Government of Bahrain. The Government of Bahrain directly guarantees the Bond securities.

 

Source: Bahrain News Agency

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.