BD200 million government bonds listed on bourse

MANAMA: Bahrain Bourse (BHB) has announced the listing of new Government Development Bonds issued by the Central Bank of Bahrain on behalf of the government.

The bond will be traded under the symbol GDEV23.BND as of today.

The BD200 million issue has March 14 as its start date. The bonds will mature in six years, on March 14, 2027.

The annual fixed return on these securities is four per cent, and will be paid every six months on March 14 and September 14 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 this issue, the number of conventional bonds and sukuks listed on BHB has reached 15 with an approximate total value of $7.64 billion.




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