Government Development Bond issue 17 fully subscribed

The Central Bank of Bahrain (CBB) today announced that the issue of the 3 Year Government Development Bond has been fully subscribed by 100%.

Subscriptions worth BD 150 million were received for the BD 150 million issue, which carries a maturity of 3 years.

The expected interest rate on the issue, which begins on 5th August 2018 and matures on 5th August 2021, is 6.55%.

The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

Source: Bahrain News Agency