The Bhutanese Leading the way.
The Gelephu Investment and Development Corporation (GIDC) announced the launch of the Gelephu Mindfulness City Nation Building Bond (GNBB).
This public bond allows Bhutanese within the country can take part in financing the Gelephu International Airport, the cornerstone of GMC.
This Domestic Bond comes on the heels of the recently concluded and highly successful Fixed Term Deposit (FTD) investment opportunity through the ORO Bank, designed for Bhutanese living abroad.
This sequencing was deliberate: starting with the diaspora allowed the project to access global capital swiftly while operational groundwork for a domestic issuance was being carefully laid.
The Gelephu International Airport is not just a gateway – it is a symbol. A symbol of Bhutan’s open-hearted embrace of the world, and a foundation for GMC to thrive as a South Asian hub for mindful innovation, green enterprise, and inclusive prosperity. As one of the largest infrastructure projects in Bhutan’s history, the Airport is both a physical and philosophical keystone of the vision set forth by His Majesty the King – one that will harmonize tradition with transformation.
GIDC, established under a Royal Charter as the investment arm of GMCA, is mandated to build an economy rooted in sustainability, technology, and national dignity. The GNBB issuance is not just an investment offer – it is a national invitation. A chance for every Bhutanese to be part of something far greater than bricks and runways: to be a co-architect of Bhutan’s future.
Coupon payments will be exempt from Personal Income Tax (PIT) in Bhutan and GMC. The GNBB will have a coupon rate of 10% p.a. Subscription is open exclusively to Bhutanese Citizens residing within Bhutan.
The GNBB will be listed on the Royal Securities Exchange of Bhutan Limited (RSEBL). The bonds will be allotted on an “equal allocation” basis. A mandatory five-year lock-in period applies to all bondholders.
Secondary Market Trading is permitted after one year from the date of allocation, with trading restricted to individual investors (i.e., the bonds may not be sold to institutional investors). Redemption is only possible on maturity; no premature redemption is permitted.
As with any investment, GNBB carries inherent risks, including market, liquidity and counterparty risks. Investors are encouraged to review the Prospectus carefully and assess their risk appetite accordingly.
The GNBB offering will be accessible to eligible investors from 2nd May 2025 with all proceeds dedicated to the construction of Gelephu International Airport.
Investors can access the bond through two distribution channels: broker services OR direct subscription on the Royal Securities Exchange of Bhutan Limited website: https://rsebl.org.bt/bond.
GIDC has onboarded the following brokers to support the distribution of the GNBB. Bank of Bhutan – 77789206, Bhutan National Bank – 17434138, RICBL– 77487283, Bhutan Development Bank Limited – 17455833 and Digital Kidu Bank – 17111010.
For more information on the GNBB issuance, a person can visit the GIDC site at https://gidc.bt
Gelephu Investment Development Corporation (GIDC) is the investment arm of GMCA and is fully owned by the GMCA. The GIDC was founded and designed under a Royal Charter to own, operate and originate investment opportunities in both local and global businesses that proliferate the growth of the GMC and Bhutan.
For further enquiries one can contact inquiry@gidc.bt.
