CBB Govt Development bond oversubscribed
Manama : The Central Bank of Bahrain (CBB) announced that the issue of the 5-year Gaovernment development bonds has been oversubscribed by 112 per cent.
Subscriptions worth BD224 million were received for the BD200 million issue, which carries a maturity of 5 years.
The expected interest rate on the issue, which begins on 16 July 2017 and matures on 16 July 2022, is 5.35pc.
The Government Development Bonds are issued by the CBB on behalf of the Government.
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