Manama, The issue of the two-year Government Development Bond has been oversubscribed by 247%, the Central Bank of Bahrain (CBB) has announced.
Subscriptions worth BD 494.937 million were received for the BD 200 million issue, which carries a maturity of two years.
The fixed annual coupon rate on the issue that begins on October 14, 2021 and matures on October 14, 2023 is 2.75%.
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.27 (ISIN BH000E005004).
Source: Bahrain News Agency