BD200 million bond issue opens today

A BD200 million Government Development Bond issue opens to direct subscription today through the primary market.

The Bahrain Bourse (BHB) announced that Bahraini and foreign investors can subscribe to the bonds through registered brokers until next Wednesday.

Investors will be able to trade the bonds in the secondary market once they are listed on BHB, which is expected on October 26.

BHB has set a minimum subscription allotment of 500 bonds per subscriber.

The three-year term securities have a par value of BD1 with October 15, 2023 as the issue date and October 15, 2026 as the maturity date.

The annual fixed return on these securities is 6.5 per cent, which will be paid every six months on April 15 and October 15 every year through the term of the issue.

The Central Bank of Bahrain issued the bonds on behalf of the government, which directly guarantees the securities.

Source: https://www.gdnonline.com/Details/1292508