Subscription in 26th issue of Government Development Bond through BHB commences

Bahrain Bourse (BHB) announced that as of Thursday, 29th of July 2021, and according to the invitation announced by the Central Bank of Bahrain (CBB), Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Development Bond Issue 26 (BHD 150 million) that has been issued by the CBB on behalf of the Government of Bahrain by executing their orders through registered brokers at Bahrain Bourse. Thereafter, investors will be able to trade the Bond on the secondary market at BHB once listed on BHB, which is expected to be on the 22nd August 2021.

 

Bahrain Bourse specified that the subscription period through the registered brokers is effective on Thursday, 29th of July 2021 starting from 9:30 AM until Tuesday, 3rd of August 2021. The subscription will be open on Thursday to Monday from 9:30 am until 1:00 pm and on Tuesday from 9:30 am until 10:15 am. Minimum subscription size is 500 bond per subscriber. Allocation will be on the basis of the first 10,000 of bonds for each subscriber and the remaining quantity will be allocated on a pro-rata basis. 

 

The BHD 150 million Bond issued at a par value of BHD 1 each on the 5th of August 2021 for a period of 3 years maturing on the 5th of August 2024. The annual fixed return on these securities is 3.20%, and will be paid bi-annually on 5th of February and 5th of August every year throughout the period of this issue.

  

The Central Bank of Bahrain issued the Government Development Bond on behalf of the Government of Bahrain. The Government of Bahrain directly guarantees the Bond securities. 

 

 

Source: https://www.bna.bh/en/Subscriptionin26thissueofGovernmentDevelopmentBondthroughBHBcommences.aspx?cms=q8FmFJgiscL2fwIzON1%2bDqc6De8Ij3cN61j7hOd93wg%3d

 

Share this page Share on FacebookShare on TwitterShare on Linkedin
Close

Discover the 'Made in France à Bahrain' Guide

'Made in France à Bahrain' - Edition 2021
is YOUR guide to the economic presence in Bahrain. Click here to view the online guide