Bahrain Bourse lists BD200 million Government Development Bond – 23rd Issue

Manama, Mar. 15 (BNA): Bahrain Bourse (BHB) announced the listing of the Government Development Bond – Issue No. 23 that has been issued by the CBB on behalf of the Government of Bahrain. The bond will be traded under the symbol GDEV23.BND as of Tuesday, 16th March 2021. The BD200 million bond issued at a par value of BD1 each on 14th of March 2021 for a period of 6 years ending on 14th of March 2027. The annual fixed return on these securities is 4.00%, and will be paid every six months on 14th of March and 14th of September every year throughout the period of this issue. As of Tuesday, 16th March 2021, 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$7.64 billion.