Bahrain Bourse: Start of direct subscription to government development bonds worth 150 million dinars

Bahrain Bourse announced the start of direct subscription in the Government Development Bonds Issue No. (36) with a volume of BD 150 million issued by the Bank on behalf of the Government of the Kingdom of Bahrain starting tomorrow, Tuesday.

Bahrain Bourse has set the subscription period for this offering through brokers registered with the Bourse starting from July 30th until Thursday, August 1st, noting that the minimum subscription is 500 bonds per subscriber, according to what was reported by the Bahrain News Agency (BNA).

The size of the issue is BD 150 million with a nominal value of BD 1 per bond, while the issue period is 3 years starting from August 5th, 2024 until August 5th, 2027 (maturity date). The fixed return is 5.875% annually, during which the interest on the issue is paid every six months due on February 5th and August 5th of each year during the issue period.

Government Development Bonds are a financial instrument issued by the Central Bank of Bahrain on behalf of the Government of Bahrain.