CBB: Issue No. 10 oversubscribed by 168%

Manama, Aug. 2 (BNA): The Central Bank of Bahrain (CBB) on Sunday announced that the issue of the 5 year Government Development Bonds has been oversubscribed by 168%. Subscriptions worth BD168 million were received for the BD100 million issue, which carries a maturity of 3 years. The expected interest rate on the issue, which begins on 4 August 2015 and matures on 4 August 2018, is 3.00%. The Government Development Bond are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.10 (BH0005574296) of the Government Development Bond.