CBB Government Development Bond Issue No.41 oversubscribed by 267%
Subscriptions worth BD 667.621 million were received for the BD 250 million issue, which carries a maturity of 4 years.
The fixed annual coupon rate on the issue, which begins on 9th July 2025 and matures on 9th July 2029, is 6.25%.
The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
5 hours ago
- Daily Tribune
Crypto Clarity
TDT | Manama Gulf's First Rulebook for Digital Money Bahrain has become the first country in the Gulf to issue clear rules for a new kind of digital money known as stablecoins, a move that puts it ahead of neighbours in safely managing digital finance. Stablecoins are a form of online currency tied to regular money like the US dollar or Bahraini dinar. People use them for quick, low-cost transactions, including sending money across borders. But without proper rules, these digital coins can be risky. To fix that, the Central Bank of Bahrain (CBB) has launched a new rulebook that tells companies how they can issue these coins safely. The rules say each digital coin must be backed by real money held in reserve and must be easy to convert back to cash. Companies must also be audited and follow strong safety and transparency standards. 'This milestone reflects the pioneering role the CBB continues to play,' said Mohamed Al Sadek, Executive Director of Market Development. The rules do not allow risky types of digital coins, such as those that rely on complicated software tricks to stay stable, one of which infamously crashed in 2022. While the UAE regulates some digital money, Bahrain is the first to publish a full guide for companies wanting to offer them in different currencies.
Biz Bahrain
a day ago
- Biz Bahrain
16 new financial institutions licensed and 52 in progress
The Central Bank of Bahrain announced a strong wave of financial institution licences from early 2024 to mid-2025, with 16 new institutions approved and 52 licence applications under advanced review. This steady growth highlights Bahrain's appeal as a leading destination for digital financial services, with international applications making up about 75% of the 68 total. These institutions are expected to create over 850 jobs initially, with more opportunities as they expand. The new licences include two wholesale banks, and more banking applications are under review. The Central Bank continues to work closely with applicants to help them meet licensing requirements. Khalid Humaidan, Governor of the Central Bank of Bahrain, said: 'This rise in licensing applications reflects the Central Bank's institutional role and the effectiveness of Bahrain's regulatory framework, which balances attracting innovation with ensuring financial stability. This achievement was made possible by close cooperation with our partners in the public and private sectors, confirming the integrated national efforts to expand regional and global growth in financial services.' This success is based on the Central Bank's unified regulatory model, which gives licensed institutions a single point of contact across financial services. This model helps reduce conflicting requirements, streamlines compliance, and provides consistent and effective oversight. The announcement was made during the 'Financial Services Horizons' forum, organised in partnership with the Bahrain Economic Development Board, where sector leaders discussed progress in digital banking, payments infrastructure, and developing national talent for digital transformation. BNA(R)
Biz Bahrain
a day ago
- Biz Bahrain
CBB Government Development Bond Issue No.41 oversubscribed by 267%
The Central Bank of Bahrain (CBB) announces that the issue of the 4-year Government Development Bond has been oversubscribed by 267%. Subscriptions worth BD 667.621 million were received for the BD 250 million issue, which carries a maturity of 4 years. The fixed annual coupon rate on the issue, which begins on 9th July 2025 and matures on 9th July 2029, is 6.25%. The Government Development Bonds are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
