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Issue 10 - December 2016
www.bahrainbourse.comBAHRAIN BOURSE LISTS BD285 MILLION GOVERNMENT DEVELOPMENT
BOND – 13
TH
ISSUE
Bahrain Bourse announced on
Sunday, 20
th
November 2016
the listing of the Government
Development Bond – Issue No.
13 that has been issued by the
CBB on behalf of the Govern-
ment of Bahrain through regis-
tered brokers at Bahrain Bourse.
The bond will be traded under
the symbol GDEV13.BND as of
Monday, 21
st
November 2016.
The BD285 million Bonds issued
at a par value of BD1 each on
10th November 2016 for a period
of 7.5 years ending on 10
th
May
2024. The annual fixed return on
these securities is 5.875%, and will
be paid every six months on 10th
November and 10
th
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 system
will automatically match the or-
ders in accordance to the price
priority then time priority, with
a minimum of BD 400 per trans-
action in the primary market.
Following the listing of this is-
sue, the number of conven-
tional bonds and sukuk issues
listed on BHB reached 14 is-
sues with an approximate to-
tal value of US$ 6.243 billion.
BAHRAIN BOURSE APPROVES BAHRAIN INVESTMENT MARKET (BIM) FEES
The Chairman of Bahrain Bourse
Mr. Yusuf Abdulla Humood is-
sued on Sunday, 6th of Novem-
ber 2016 Resolution No. (8) of
2016 in respect of Bahrain In-
vestment Market (BIM) fees.
According to the resolution, com-
panies listed inBIMwill have to pay
a one-time listing fee of BD1000
and an annual subscription that is
equivalent to 0.3% of the compa-
ny’s paid-up capital with a mini-
mum of BD1000 and a maximum
of BD6000 including registry fees.
Companies’
sponsors
will
have to pay an annual sub-
scription
fee
of
BD2000.
It is worth mentioning that BIM
is one of the initiatives launched
by the Bourse to meet the financ-
ing requirements of the compa-
nies. The launch of the BIM goes
in line with the role played by
Bahrain Bourse to enhance the
Kingdom of Bahrain’s efforts in
supporting the SMEs sector in
a way that will contribute to the
economic growth of Bahrain in
order to create more job oppor-
tunities for the citizens, create
wealth, and increase productivity.