BHB Announces Subscription for 37th Government Development Bond Issue.


Manama: Bahrain Bourse (BHB) announced that as of Monday, November 4, 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 37 (BHD 185 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 on November 24.

According to Bahrain News Agency, Bahrain Bourse specified that the subscription period through the registered brokers is effective on Monday, November 4 until Wednesday, November 6. The subscription will be open from Monday to Tuesday from 9:30 am until 1:00 pm and on Wednesday from 9:30 am until 11:00 am. The minimum subscription size is 500 bond per subscriber.

The BHD 185 million Bond was issued at a par value of BHD 1 each on No
vember 10 for 3 years maturing on November 10, 2027. The annual fixed return on these securities is 5.50%, and will be paid bi-annually on May 10 and November 10 every year throughout this issue.

The CBB issued the Government Development Bond on behalf of the Government of Bahrain. The Government of Bahrain directly guarantees the Bond securities.