CBB Government Development Bond oversubscribed by 227%
- Date: 29-Jul-2020
- Source: Bizbahrain
- Sector:Real Estate
- Country:Bahrain
CBB Government Development Bond oversubscribed by 227%
The Central Bank of Bahrain (CBB) announces that the issue of the 5-year Government Development Bond has been oversubscribed by 227%.
Subscriptions worth BD 340.235 million were received for the BD 150 million issue, which carries a maturity of 5 years.
The expected interest rate on the issue, which begins on 30th July 2020 and matures on 30th July 2025, is 4.50%.
The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is Government Development Bond issue No.21 (ISIN BH000PH13820).
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