Bahrain Bourse (BHB) announced that as of Tuesday, 20th of June 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 33 (BHD 100 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 11th of July 2023.
Bahrain Bourse specified that the subscription period through the registered brokers is effective until Thursday, 22nd of June 2023 at 10:30 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 100 million Bond issued at a par value of BHD 1 each on the 27th of June 2023 for a period of 4 years maturing on the 27th of June 2027. The annual fixed return on these securities is 6.25%, and will be paid bi-annually on 27th of June and 27th of December 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.