MANAMA: New Government Development Bonds, floated late last month to raise BD200 million, can be traded at Bahrain Bourse (BHB) under the symbol GDEV15.BND as of today.
This follows the listing of issue number 15 of the Government Development Bond series, BHB said yesterday.
Issued by the Central Bank of Bahrain, the bonds have a tenor of five years, from December 27 last year to June 27, 2023.
The annual fixed return on the securities is 5.50 per cent, and will be paid every six months on June 27 and December 27, every year throughout the period of the issue.
The listing means that as of today, investors will be able to sell and buy the bonds by placing their orders through brokers who will feed them into the trading system.
The system will automatically match the orders in accordance with the price priority then time priority, with a minimum of BD400 per transaction in the primary market.
Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB reached 13 with an approximate total value of $6.151 billion.