The issue amount is BD55m maturing in two years, with an interest rate of 2.75%.
Bond participation is open to all commercial banks and the General Organization for Social Insurance. However, insurance firms, other institutions and individuals willing to invest in the said bonds can go through any commercial bank in Bahrain.
Issuing these bonds is aimed to promote mid- to long-term investment tools negotiable among commercial banks and financial institutions.
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Central Bank of Bahrain issues government development bonds
- Bahrain: Monday, November 09 - 2009 at 15:15
- PRESS RELEASE
In a significant step to promote Bahrain as a pioneering financial hub and to provide commercial banks and financial institutions operating in Bahrain with more promising investment alternatives that would alludes them to utilities their liquidity, The Central Bank of Bahrain is set, on behalf of the government of the kingdom of Bahrain, to introduce the first issue of development bonds, planned to be issued on 12 November 2009.
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Log in to request more information from Central Bank of Bahrain (CBB)
Notes and media contacts
Media contact:External Communications Unit
Central Bank of Bahrain
Tel: +973 1754 7357
Fax: +973 1753 5904
P.O. Box 27 Manama, Kingdom of Bahrain
Posted by Siba Sami AmmariMonday, November 09 - 2009 at 15:15 UAE local time (GMT+4)
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