CBB Announces Oversubscription of 2-Year Government Development Bond by 312%

TDT | Manama

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The Central Bank of Bahrain (CBB) has revealed that the latest issuance of a 2-year Government Development Bond has been significantly oversubscribed, attracting a staggering 312% more in subscriptions than the BD 200 million on offer.

A total of BD 623.635 million in subscriptions were received for the bond, which is set to mature in two years. The fixed annual coupon rate for this bond issue, which commences on March 17, 2025, and matures on March 17, 2027, is set at 5.625%.

The bonds, issued by the CBB on behalf of the Government of Bahrain, represent Government Development Bond Issue No. 38 (ISIN BH00016A6F00). This oversubscription underscores the strong demand for Bahraini government debt, reflecting investor confidence in the nation's financial stability.