Manama: The Central Bank of Bahrain (CBB) announced that the issue of the 5-year Government Development Bond has been oversubscribed by 178%. Subscriptions amounting to BD 266.857 million were received for the BD 150 million issue, which carries a maturity period of 5 years. According to Bahrain News Agency, the fixed annual coupon rate on the issue, which begins on June 17 and matures on June 17, 2031, is 6.700%. The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This marks Government Development Bond issue No.46, denoted by ISIN BH000L925202.
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