Manama, Bahrain:– The Central Financial institution of Bahrain (CBB) proclaims that the issue of the 3-year Government Development Bond has been oversubscribed by 291%.
Subscriptions value BD 291.470 million had been acquired for the BD 100 million issue, which carries a maturity of three years.
The mounted annual coupon price on the issue, which begins on 13th April 2023 and matures on 13th April 2026, is 6.00%.
The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
That is Government Development Bond issue No.31 (ISIN BH000I75L602).