Gov't Borrows Half Billion Dollar despite Dramatic Increase in Oil Prices
2022-07-12 - 7:49 p
Bahrain Mirror: The government is intending to borrow again from the domestic market by issuing development bonds worth 200 million dinars (half a billion dollars), despite the dramatic rise in oil prices.
The Central Bank of Bahrain has asked the Stock Exchange (Bourse) to announce the issuance of new bonds to investors, which are expected to be listed on 28 of this month.
The interest is 6.20% per annum, during which interest is paid every six months due on January 17 and July 17 each year during the release period ending July 2027.