Covalent Bonds. In a covalent bond, the atoms are bound by shared electrons. In a true covalent bond, the electronegativity values are the same (e.g., H 2, O 3), although in practice the electronegativity values just need to be close.If the electron is shared equally between the atoms forming a covalent bond, then the bond is said to be nonpolar.. Usually, an electron is more attracted to one.