Manama, October 12 (BNA) The Central Bank of Bahrain announced that it has exceeded the oversubscription of the two-year government development bond issuance by 247%.
Subscriptions of BD494.937 million were received for the BD200 million issue, which has a maturity of two years.
The fixed annual coupon rate for issuance beginning October 14, 2021 and maturing October 14, 2023 is 2.75%.
Government development bonds are issued by the Central Bank of Bahrain on behalf of the Government of the Kingdom of Bahrain.
This is the Government Development Bond Issue No. 27 (ISIN BH000E005004).