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FINANCIAL NEWS
Bahrain’s central bank to issue $530m bond
02 Dec 2010
(MENAFN) The Central Bank of Bahrain (CBB) has issued a $530.4 million bond which will mature in five years on October 31, 2015, on behalf of the Bahrain government, Trade Arabia reported.
According to the CBB, the bond which will be issued starting November 29, an annual fixed interest rate of 3.6 percent every six months on April 30 and October 30. The minimum amount of investment in the bond is $26,518.2 or multiples thereof.
Following the listing of the Government Development Bond, the number of conventional bonds and sukuks listed on the Bahrain Stock Exchange will reach 11, with a total value of about $3.1 billion.
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