Bahrain Bourse (BHB) announced that as of Sunday, 10th of March 2024, 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 35 (BHD 285 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 28th March 2024.
Bahrain Bourse specified that the subscription period through the registered brokers is effective on Sunday, 10th March 2024 until Tuesday, 12th March 2024. The subscription will be open from 9:30 am until 1:00 pm during regular trading hours, and from 10:00 am until 1:00 pm during the holy month of Ramadhan. On Tuesday, the subscription will be open from 10:00 am until 11:00 am. The minimum subscription size is 500 bond per subscriber.
The BHD 285 million Bond issued at a par value of BHD 1 each on the 14th of March 2024 for a period of 2 years maturing on the 14th of March 2026. The annual fixed return on these securities is 6.125%, and will be paid bi-annually on 14th of March and 14th of September 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.