CBB government development bond issue No.29 oversubscribed

✔︎ Fact Checked by TDPel News Desk

By Pelumi Emmanuel

Published: May 17, 2022 | 2:05 PM GMT

The Central Bank of Bahrain (CBB) announces that the issue of the 5-year Government Development Bond has been oversubscribed by 214%.

Subscriptions worth BD 320.373 million were received for the BD 150 million issue, which carries a maturity of 5 years.

The fixed annual coupon rate on the issue, which begins on 19th May 2022 and matures on 19th May 2027, is 5.50%.

The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This is Government Development Bond issue No.29 (ISIN BH0004E38681).

WHQ

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About Pelumi Emmanuel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.