Bahrain Bourse Lists BD300 Million Government Development Bond – 16th Issue

Sunday, May 13, 2018
Bahrain Bourse announced on Thursday, 10th May 2018 the listing of the Government Development Bond – Issue No. 16 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 GDEV16.BND as of Sunday, 13th May 2018.

The BD300 million Bonds issued at a par value of BD1 each on 3rd May 2018 for a period of 2 years ending on 3rd May 2020. The annual fixed return on these securities is 5.50%, and will be paid every six months on 3rd November and 3rd May every year throughout the period of this issue.

As of Sunday, 13th May 2018 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 15 issues with an approximate total value of US$ 7.212 billion.