Mubasher: Bahrain Bourse (BB) announced on Sunday the listing of issue number 13 of the government development bonds that has been issued by the Central Bank of Bahrain (CBB) on behalf of the Bahraini government through registered brokers.
The bond will be traded under the symbol GDEV13.BND as of Monday 21 November, according to an official statement.
The BHD 285 million bonds issued at a par value of BHD 1 each on 10 November 2016 for a period of 7.5 years ending on 10 May 2024, have an annual fixed return at 5.875%, it will be paid every six months on 10 November and 10 May every year throughout the period of this issue.
“As of Monday, 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 statement indicated.
“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,” it added.
Following the listing of this issue, the number of conventional bonds and sukuk issues listed on Bahrain Bourse reached 14 issues with a total value of nearly $6.243 billion.
