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

Manama, May 15 (BNA) The Bahrain Bourse announced that as of Monday, May 16, 2022 and according to the invitation announced by the Central Bank of Bahrain, Bahraini and non-Bahraini investors can directly subscribe through the main market of Bahrain Bourse to issue government development bonds 29 (150 million Bahraini Dinar) issued by the Central Bank of Bahrain on behalf of the Government of Bahrain by executing their orders through brokers registered on the Bahrain Bourse. After that, investors will be able to trade the bond on the secondary market on the Bahrain Bourse once it is listed on the Bahrain Bourse, expected on June 2, 2022.

Bahrain Bourse has specified that the subscription period through registered brokers is valid on Monday 16 May 2022 until Tuesday 17 May 2022. The subscription will open on Mondays from 9:30 AM until 1:00 PM and on Tuesdays from 9:30. Until 10:15 AM. The minimum subscription size is 500 bonds per subscriber. Allocation will be made on the basis of the first 10,000 bonds per subscriber and the remaining amount will be allocated on a pro rata basis.

BD 150 million bonds with a par value of BD 1 each were issued on May 19, 2022 for a period of 5 years maturing on May 19, 2027. The fixed annual return on these securities is 5.50%, and will be paid twice. On May 19 and November 19 of each year for the duration of this issue.

The Central Bank of Bahrain issued Government Development Bonds on behalf of the Government of Bahrain. The Government of Bahrain directly guarantees the securities of the bonds.

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