Manama: The Central Bank of Bahrain (CBB) has announced that the latest issue of the 2-year Government Development Bond has been significantly oversubscribed, reaching 284% of the initial offering. This substantial interest highlights strong investor confidence in Bahrain's economic prospects. According to Bahrain News Agency, the bond issue attracted subscriptions totaling BD 568.397 million, far exceeding the original BD 200 million target. The bonds, which are due to mature on 19th July 2028, come with a fixed annual coupon rate of 7.00%. The issuance marks the 47th in the series of Government Development Bonds (ISIN BH00081I4823) facilitated by the CBB on behalf of the Government of the Kingdom of Bahrain. These bonds are part of Bahrain's ongoing efforts to manage and develop its financial infrastructure, further underscoring the country's commitment to maintaining robust economic growth.
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