Bahrain Bourse lists BD200 million Government Bond

Manama : Bahrain Bourse announced yesterday the listing of the Government Development Bond – Issue No. 11 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 GDEV11.BND.

The BD200 million securities issued at a par value of BD1 each on 5th May 2016 for a period of 5 years ending on 5th May 2021. The returns on these securities will be paid every six months on 5th November and 5th May every year throughout the period of this issue. The fixed annual rate of return will be 5.875 per cent.

As of today, 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 BD400 per transaction in the primary market.

Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB reached 12 issues with an approximate total value of US$ 5.1 billion.