Commencement of subscription in 29th issue of Government Development Bond through Bahrain Bourse

Manama, May 15 (BNA): Bahrain Bourse (BHB) announced that as of Monday, 16th of May 2022, 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 29 (BHD 150 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 on BHB, which is expected to be on 2nd June 2022. Bahrain Bourse specified that the subscription period through the registered brokers is effective on Monday, 16th May 2022 until Tuesday, 17th May 2022. The subscription will be open on Monday from 9:30 am until 1:00 pm and on Tuesday from 9:30 am until 10:15 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 150 million Bond issued at a par value of BHD 1 each on the 19th of May 2022 for a period of 5 years maturing on the 19th of May 2027. The annual fixed return on these securities is 5.50%, and will be paid bi-annually on 19th of May and 19th of November 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.