BHB lists BD200 m Government Development Bond

(Manama) – Bahrain Bourse (BHB) announced the listing of the Government Development Bond– Issue No. 14 that has been issued by the CBB on behalf of the Government of Bahrain through registered brokers at Bahrain Bourse.

The bond will be traded under the symbol GDEV14.BND as of Sunday.

The BD200 million Bonds issued at a par value of BD1 each on 16thJuly2017 for a period of 5 years ending on 16thJuly2022. The annual fixed return on these securities is 5.35%, and will be paid every six months on 16thJanuary and 16thJuly every year throughout the period of this issue.

As of Sunday, investors will be able to sell and buy the bonds by placing their orders through the brokers who will feed them into the trading system. The system will automatically match the orders in accordance to the price priority then time priority, with a minimum of BD 400 per transaction in the primary market.

Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB reached 13 issues with an approximate total value of US$ 6.084billion.