Government Development Bonds oversubscribed by 121%: CBB

Manama, July 28 (BNA): The Central Bank of Bahrain (CBB) announces that the issue of the 5 year Government development bonds has been oversubscribed by 121%. Subscriptions worth BD 181.2 million were received for the BD 150 million issue, which carries a maturity of 5 years. The expected interest rate on the issue, which begins on 30 July 2015 and matures on 30 July 2020, is 4.00%. The Government Development Bond are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.9 (BH00081508X6) of the Government Development Bond.