CBB Government Development Bond Issue No.34 oversubscribed

CBB Government Development Bond Issue No.34 oversubscribed

CBB Government Development Bond Issue No.34 oversubscribedWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>PRESS RELEASE>Companies News>CBB Government Developme...PHOTOManama, Bahrain – The Central Bank of Bahrain (CBB) announces that the issue of the 3-year Government Development Bond has been oversubscribed by 359%.Subscriptions worth BD 718.061 million were received for the BD 200 million issue, which carries a maturity of 3 years.The fixed annual coupon rate on the issue, which begins on 15th October 2023 and matures on 15th October 2026, is 6.50%.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.34 (ISIN BH0002749727).Send us your press releases to [email protected] © Press Release 2023 TOP PRESS RELEASES1.Albal Design launches UAE's first science based interior design concept2.Dubai AI and Web3 Campus aims to equip