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Subscription starts for the 24th Issue of the Government Development Bond through Bahrain Bourse

April 28, 2021

Bahrain Bourse (BHB) announced that as of Wednesday, 28th of April 2021, 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 24 (BHD 200 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 on BHB, which is expected to be on the 19th May 2021.

Bahrain Bourse specified that the subscription period through the registered brokers is effective on Wednesday, 28th of April 2021 starting from 10:00 AM until Monday, 3rd of May 2021. The subscription will be open on Wednesday until Thursday from 10:00 AM until 1:00 PM and on Monday from 10:00 AM until 11:00 AM. 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 200 million Bond issued at a par value of BHD 1 each on the 5th of May 2021 for a period of 5 years maturing on the 5th of May 2026. The annual fixed return on these securities is 3.60%, and will be paid bi-annually on 5th of May and 5th of November 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.