CBB bond issue oversubscribed

MANAMA: An issue of five-year government development bonds has received subscription to the tune of 275 per cent, the Central Bank of Bahrain (CBB) announced yesterday.

Subscriptions worth BD 550.178 million were received for the BD200m issue, which carries a maturity of five years.

The expected interest rate on the issue, which begins tomorrow and matures on May 5, 2026, is 3.6pc. The bonds are issued by the CBB on behalf of the government.

This is government development bond issue No.24 (ISIN BH00081VZ6G).

 

Source: https://www.gdnonline.com/Details/943952/CBB-bond-issue-oversubscribed

 

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