Bahrain Bourse Lists 10th Issue of Government Development Bond

Manama, Aug. 18 (BNA): Bahrain Bourse announced today the listing of the Government Development Bond – Issue No. 10 that has been issued by the Central Bank of Bahrain (CBB) on behalf of the Government of Bahrain on the Bourse as of today. The Bond will be traded under the symbol GDEV10.BND. The BD100 million securities issued at a par value of BD1 each on 4thAugust 2015 for a period of 3 years ending on 4thAugust2018. The returnson these securities will be paid every six months on 4thFebruary and 4thAugust every year throughout the period of this issue, in which the first coupon payment will be paid on 4thFebruary 2016 and the last coupon payment on 4thAugust2018. The annual fixed interest rate on these securities is 3.00%. As of Wednesday19thAugust 2015, investors will be able to sell and buy the bonds by placing their orders through the brokers, with a minimum of BD 400 per transaction in the secondary 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$ 5.392 billion.