Media ININ Economy We Trust
Media IN Manama, July 13 (BNA):
According to the invitation announced by the Central Bank of Bahrain (CBB), Starting sunday Bahraini and non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Development Bond Issue 18 that has been issued by the CBB on behalf of the Government of Bahrain by giving their orders to 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 August 4.
The Bourse specified that the subscription period through the registered brokers is effective on Sunday until Wednesday.
The subscription will be open on Sunday until Tuesday from 9:30 am until 1:00 pm and on Wednesday from 9:30 am until 10:30 am.
The BD 300 million bond issued at a par value of BD 1 each on July 21 for a period of 3 years ending on July 21, 2022. T
The annual fixed return on these securities is 4.20%, and will be paid every six months on January 21 and July 21 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.
