BAHRAIN: BHB Announces Commencement of Subscription of Government Development Bond

Tuesday June 20 2023

On 19^th June 2023, Bahrain Bourse (BHB) announced that 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 Central Bank of Bahrain (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 11^th of July 2023.

Bahrain Bourse specified that the subscription period through the registered brokers is effective until Thursday, 22^nd 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 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.

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