Bahrain Bourse lists BD185 million Government Development Bond

Bahrain Bourse (BHB), also called the Bahrain Stock Exchange, has announced the listing of the Government Development Bond – Issue No. 19, reported the country’s state media agency BNA.

The bonds have been issued by the Central Bank of Bahrain (CBB) on behalf of the Government of Bahrain through registered brokers at BHB.

“The bond will be traded under the symbol GDEV19.BND as on, November 18.
The BD 185 million Bonds issued at a par value of BD1 each on of November 10 for a period of 5 years ending on of November 10, 2024. The annual fixed return on these securities is 4.00%, and will be paid every six months on November 10 and May 10 every year throughout the period of this issue,” said the report.

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From 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 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 $ 6.321 billion.

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