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CBB Government Development Bond Issue No.36 oversubscribed by 280%

Manama, The Central Bank of Bahrain (CBB) announces that the issue of the 3-year Government Development Bond has been oversubscribed by 280%.

Subscriptions worth BD 419.294 million were received for the BD 150 million issue, which carries a maturity of 3 years.

The fixed annual coupon rate on the issue, which begins on August 5 and matures on August 5, 2027, is 5.875%.

The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This is Government Development Bond issue No.36 (ISIN BH000X4976W9).

Source: Bahrain News Agency