Bahrain Bourse (BHB) announced that subscriptions for a 100 million dinar ($265.25m) government development bond will open to local and foreign investors today.
The two-year sovereign instrument, issued by the Central Bank of Bahrain (CBB) on behalf of the government, carries a fixed annual coupon of 5.625 per cent payable semi-annually.
Investors can subscribe through registered brokers on the primary market until tomorrow, with a minimum subscription size of 500 bonds at a par value of BD1 each.
The bond is scheduled for issuance on February 12 and is expected to be listed for secondary market trading on February 25. The issue matures on February 12, 2028, and is directly guaranteed by the government of Bahrain.
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