Bahrain Bourse (BHB) announced that as of April 10, 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 31 (BHD 100 million).
The bond has been issued by the CBB on behalf of the Government of Bahrain by executing their orders through registered brokers at Bahrain Bourse.
Investors will be able to trade the Bond on the secondary market at BHB once listed, which is expected to be on April 26.
The subscription will be open on Monday from 10:00 am until 1:00 pm and on Tuesday from 10:00 am until 11:00 am.
The minimum subscription size is 500 bond per subscriber.
Allocation will be on the basis of the first 10,000 of bonds for each subscriber and the remaining quantity will be allocated on a pro-rata basis.
The BHD 100 million Bond issued at a par value of BHD 1 each on April 13 2023 for a period of 3 years maturing on April 13 2026.
The annual fixed return on these securities is 6.00%, and will be paid bi-annually on October 13 and April 13 of 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.
Source: Bahrain News Agency (BNA)