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Source: Thomson Reuters.   Last updated on Feb 23, 2019 at 02:02AM (UTC).   Delayed by at least 15 minutes.
Bahrain Bourse Lists BD285 Million Government Development Bond – 13th Issue
Nov 20, 2016
Bahrain Bourse announced on Sunday, 20th November 2016 the listing of the Government Development Bond – Issue No. 13 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 GDEV13.BND as of Monday, 21st 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 10th May 2024. The annual fixed return on these securities is 5.875%, and will be paid every six months on 10th November and 10th 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 orders in accordance to the price priority then time priority, with a minimum of BD 400 per transaction in the primary market.
 
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$ 6.243 billion.
 
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