Investors can subscribe to the 38th issue of the Government Development Bond, valued at BD200 million, through Bahrain Bourse (BHB) starting today.
Issued by the Central Bank of Bahrain (CBB) on behalf of the government, the bond offers a fixed annual return of 5.625 per cent. The subscription period runs from 10am to 1pm today, and from 10am to 11am tomorrow.
Both Bahraini and non-Bahraini investors can participate through registered brokers at BHB. The minimum subscription is 500 bonds. The bonds, with a par value of BD1 each, will mature on March 17, 2027, after a two-year period. Interest will be paid semi-annually on March 17 and September 17.
Trading on the secondary market at BHB is expected to commence on March 31. The bonds are guaranteed by the government.
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