Bahrain Bourse (BHB) announced that as of Thursday, 5th of October 2023, 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 34 (BHD 200 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, which is expected to be on 26th of October 2023.
Bahrain Bourse specified that the subscription period through the registered brokers is effective on Thursday, 5th October 2023 until Wednesday, 11th October 2023. The subscription will be open from Thursday to Tuesday from 9:30 am until 1:00 pm and on Wednesday from 9:30 am until 10:30 am. The minimum subscription size is 500 bond per subscriber.
The BHD 200 million Bond issued at a par value of BHD 1 each on the 15th of October 2023 for a period of 3 years maturing on the 15th of October 2026. The annual fixed return on these securities is 6.50%, and will be paid bi-annually on 15th of April and 15th of October 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.