Bahrain Bourse lists BD 185 million Government Development Bond

BAHRAIN: Bahrain Bourse (BHB) has announced the listing of the Government Development Bond – Issue No. 19 that has been issued by the Central Bank of Bahrain (CBB) on behalf of the Government of Bahrain through registered brokers at Bahrain Bourse.

The bond will be traded under the symbol GDEV19.BND as of Monday, 18th November 2019.

The BD 185 million Bonds issued at a par value of BD 1 each on 10th of November 2019 for a period of 5 years ending on 10th of November 2024. The annual fixed return on these securities is 4.00%, and will be paid every six months on 10th of November and 10th of May every year throughout the period of this issue.

As of Monday, 18th November 2019, 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.

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$ 6.321 billion.

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