Manama: The Central Bank of Bahrain (CBB) has announced that the 3-year Government Development Bond issue has been oversubscribed by 305%. Subscriptions totaling BD 564.595 million were received for the BD 185 million bond issue, which has a maturity period of 3 years.

According to Bahrain News Agency, the fixed annual coupon rate for this bond, which commences on November 10 and matures on November 10, 2027, is set at 5.50%. The Government Development Bonds have been issued by the CBB on behalf of the Government of the Kingdom of Bahrain.

This bond issuance is identified as Government Development Bond issue No.37, with the International Securities Identification Number (ISIN) BH000134V094.