The Central Bank of Bahrain (CBB) said yesterday that its issue of a two-year Government Development Bond was oversubscribed by 308 per cent.
The CBB received subscriptions worth BD771.073 million ($2.04 billion) for the BD200 million issue, which has a two-year maturity.
The bond, which carries a fixed annual coupon rate of 5.75pc, will begin on Tuesday, and mature on April 29, 2027.
The Government Development Bonds are issued by the CBB on behalf of the kingdom. This is the 39th issue of the Government Development Bond, with the ISIN number BH0006L926V8.
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