Bahrain Bourse (BHB) announced that as of Thursday, 27th of April 2023, 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 32 (BHD 200 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 10th of May 2023.

Bahrain Bourse specified that the subscription period through the registered brokers is effective on Thursday, 27th April 2023, and the subscription will be open from 9:30 until 11:00 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 200 million Bond issued at a par value of BHD 1 each on the 3rd of May 2023 for a period of 2 years maturing on the 3rd of May 2025. The annual fixed return on these securities is 5.875%, and will be paid bi-annually on 3rd of May and 3rd 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.

Source: Bahrain News Agency