Subscription in 30th issue of Government Development Bond through BHB commences

Manama, July 7 (BNA): Bahrain Bourse (BHB) has announced that as of today, 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 30 (BHD 200 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 28th of July 2022. Bahrain Bourse specified that the subscription period through the registered brokers is effective on Wednesday, 13th of July 2022 from 9:30 AM until 11:00 AM. The 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 200 million Bond issued at a par value of BHD 1 each on the 17th of July 2022 for a period of 5 years maturing on the 17th of July 2027. The annual fixed return on these securities is 6.20%, and will be paid bi-annually on 17th of January and 17th of July 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.