Bahrain Bourse announces Government Development Bond listing

07/08/2015 07:15 AST

The Bahrain Bourse has announced the listing of the Government Development Bond issued by the Central Bank of Bahrain on behalf of the Government of Bahrain. The Bond will be traded under the symbol GDEV9.BND.

The BHD 150 million securities issued at a par value of BHD 1 each on 30 July 2015 for a period of five years ending on 30 July 2020. The returns on these securities will be paid every six months on 30 January and 30 July every year throughout the period of this issue, in which the first coupon payment will be paid on 30th January 2016 and the last coupon payment on 30 July 2020. The annual fixed interest rate on these securities is four per cent.

As of 6 August 2015, 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 BHD 400 per transaction in the primary market.

Following the listing of this issue, the number of conventional bonds and Sukuk issues listed on Bahrain Bourse reached 11 issues with an approximate total value of $4.861 billion.


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