BD 200m government development bond open for subscription | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

BD 200m government development bond open for subscription

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The Government Development Bond Issue 27 (BHD 200 million) is open for Bahraini and Non-Bahraini investors to subscribe directly through the primary market of Bahrain Bourse.

The Central Bank of Bahrain issued the bond on behalf of the Government of Bahrain.

Investors will be able to trade the Bond on the secondary market at BHB after listing, which is expected to be on the 28th October 2021, said BHB in a statement.

The subscription through the registered brokers, which opened yesterday will remain open until Monday from 9:30 am until 1:00 pm and on Tuesday from 9:30 am until 10:15 am.

The minimum subscription size is 500 bonds per subscriber. Allocation will be on the first 10,000 bonds for each subscriber and the remaining on a pro-rata basis.

The BHD 200 million Bond issued at a par value of BHD 1 each on the 14th of October 2021 for two years matures on the 14th of October 2023.

The annual fixed return on these securities is 2.75% and will be paid bi-annually on the 14th of April and 14th of October every year throughout this issue.