BHB lists BD200m govt bond
(1/10/2018 2:46:00 PM)
Bahrain Bourse yesterday announced the listing of Government Development Bond – Issue No. 15, which will be traded under the symbol GDEV15.BND starting today.
Bahraini and non-Bahraini investors are allowed to trade in the bonds in the secondary market of the Bahrain Bourse (BHB).
Central Bank of Bahrain, on behalf of the Government of Bahrain, issued the bonds through registered brokers at Bahrain Bourse.
The BD200 million Bonds were issued at a par value of BD1 each on 27th December 2017 for a period of 5 years ending on 27th June 2023.
The annual fixed return on these securities is 5.50%, and will be paid every six months on 27th June and 27th December every year throughout the period of this issue.
Subscriptions worth BD200 million were received for the BD200 million issue, CBB in a statement earlier. Minimum subscription was 500 BHD (500 bonds) and minimum allotment was 10,000 bonds per subscriber applying for an amount of BHD 10,000 and above.
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 to the price priority then time priority, with a minimum of BD 400 per transaction in the main market.
Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB reached 13 issues with an approximate total value of US$ 6.151 billion.
DT News Network