Bahrain Bourse Lists BD300 Million Government Development Bond – 20th Issue

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Bahrain Bourse Lists BD300 Million Government Development Bond – 20th Issue

Bahrain Bourse (BHB) announced the listing of the Government Development Bond – Issue No. 20 that has been issued by the CBB on behalf of the Government of Bahrain.  The bond will be traded under the symbol GDEV20.BND as of Monday, 11th May 2020.

The BD300 million Bonds issued at a par value of BD1 each on 10th of May 2020 for a period of 3 years ending on 10th of May 2023. The annual fixed return on these securities is 6.00%, and will be paid every six months on 3rd of November and 3rd of May every year throughout the period of this issue.

 As of Monday, 11th May 2020, 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.

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$ 7.098 billion.

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