Bahrain Bourse opens subscription for BD100 million Government Development Bond
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bahrain Bourse (BHB) has announced the commencement of subscription for the 33rd issue of the Government Development Bond, valued at BHD 100 million.
The Central Bank of Bahrain (CBB) invited both Bahraini and Non-Bahraini investors to directly subscribe through the primary market of BHB.
Interested investors can execute their orders through registered brokers at Bahrain Bourse starting from today.
The subscription period will end on Thursday at 10:30 am.
The minimum subscription size is set at 500 bonds per subscriber. Initially, each subscriber will be allocated up to 10,000 bonds, with any remaining quantity distributed on a pro-rata basis.
Once listed, investors will have the option to trade the bond on the secondary market at BHB, starting from July 11, 2023.
The BHD 100 million bond has a par value of BHD 1 each and a maturity period of four years, ending on June 27, 2027.
Investors can expect an annual fixed return of 6.25%, paid bi-annually on June 27 and December 27 throughout the bond’s term.
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