With a Size of BHD 300 Million and a Return of 4.20% Commencement of Subscription in the 18th Issue of the Government Development Bond through Bahrain

Sunday, July 14, 2019
Bahrain Bourse (BHB) announced that as of Sunday, 14th of July 2019, 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 18 that has been issued by the CBB on behalf of the Government of Bahrain by giving their orders to 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 4th of August 2019.

The Bourse specified that the subscription period through the registered brokers is effective on Sunday the 14th of July 2019 until Wednesday 17th of July 2019.  The subscription will be open on Sunday until Tuesday from 9:30 AM until 1:00 PM and on Wednesday from 9:30 AM until 10:30 AM.

The BHD 300 million Bond issued at a par value of BHD 1 each on the 21st of July 2019 for a period of 3 years ending on the 21st of July 2022. The annual fixed return on these securities is 4.20%, and will be paid every six months on 21st of January and 21st of July 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.