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MANAMA: Bahrain Bourse (BHB) announced the listing of the Government Development Bonds issued by the Central Bank of Bahrain on behalf of the Government of Bahrain.
The bond will be traded under the symbol GDEV20.BND as of today.
The BD300 million bonds were issued at a par value of BD1 each yesterday for a period of three years ending on May 10, 2023. The annual fixed return on these securities is six per cent, and will be paid every six months on November 3 and May 3 every year throughout the period of the issue.
As of today, 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 with 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 with an approximate total value of $7.098 billion.
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