Bahrain Bourse Lists BD300 Million Government Development Bond – 18th Issue

Monday, August 5, 2019
Bahrain Bourse (BHB) announced the listing of the Government Development Bond – Issue No. 18 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 GDEV18.BND as of today, Monday, 5th August 2019.

The BD300 million Bonds issued at a par value of BD1 each on 21st of July 2019 for a period of 3 years ending on 21st of July 2022. The annual fixed return on these securities is 4.20%, and will be paid every six months on 21st of January and 21st of July every year throughout the period of this issue.

 As of Monday, 5th August 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 14 issues with an approximate total value of US$ 7.116 billion.