CBB Government Development Bond oversubscribed by 227%

SourceBizbahrain
SectorReal Estate
CountryBahrain

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). Share this ...read more...