MANAMA: New Government Development Bonds, issued last Sunday to raise BD150 million, can be traded at Bahrain Bourse (BHB) under the symbol GDEV17.BND as of today.
This follows the listing of issue number 17 of the Government Development Bond series, BHB said yesterday. Issued by the Central Bank of Bahrain, the bonds have a duration of three years, from August 5, 2018 to August 5, 2021.
The annual fixed return on the securities is
6.55 per cent, and will be paid every six months on February 5 and August 5, every year till maturity.
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.
Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB will reach 15 with an approximate total value of $7.344 billion.
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