Manama: The Central Bank of Bahrain (CBB) has announced that its latest issuance of the 2-year Government Development Bond has been oversubscribed by a significant margin of 308%. This reflects substantial investor interest and confidence in the financial instruments offered by the Kingdom of Bahrain.
According to Bahrain News Agency, the bond issue attracted subscriptions totaling BD 771.073 million, far exceeding the initial BD 200 million target. The bonds, which are set to mature in two years, carry an annual fixed coupon rate of 5.75%, beginning from April 29 and maturing on April 29, 2027.
The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain, marking this as the 39th issue under this category, identified by ISIN BH0006L926V8. This oversubscription indicates strong market confidence and the attractiveness of the bond’s terms to investors.