Subscription open for 16th bond issue

Manama : Bahraini and Non-Bahraini investors can now directly subscribe through the primary market of Bahrain Bourse (BHB) in the Government Development Bond Issue 16 through registered brokers at the Bourse. 

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. 

The BHD 300 million Bond issued at a par value of BHD 1 each on the 3rd of May 2018 for a period of 2 years ending on the 3rd of
May 2020.

The annual fixed return on these securities is 5.50% and will be paid every six months on 3rd of November and 3rd of May every year throughout the period of this issue.

Minimum subscription amount is 500 BHD (500 Bond). Minimum allotment is 10,000 Bonds per subscriber applying for an amount of BHD 10,000 and above, while the remaining quantity will be allocated on pro-rata basis.

Subscription period, which opened yesterday, is effective until Monday.  

The subscription will be open on Wednesday, Thursday, and Sunday from 9:30 am until 1:00 pm and on Monday from 9:30 am
until 11:00am.

One of the main advantages of subscribing through Bahrain Bourse is the ability to own Bonds directly (beneficiary ownership). This allows investors to trade the Bond on the secondary market once listed on BHB, which is expected to be on the 13th of May 2018.