MANAMA: New Government Development Bonds, issued on November 10 to raise BD185 million, can be traded at Bahrain Bourse (BHB) under the symbol GDEV19.BND as of today.

This follows the listing of issue number 19 of the Government Development Bond series, BHB said yesterday.

Issued by the Central Bank of Bahrain, the bonds have a duration of five years, from November 10, 2019 to November 10, 2024.

The annual fixed return on the securities is four per cent, and will be paid every six months on November 10 and May 10, every year till maturity.

The listing means that as of today, investors will be able to sell and buy the bonds by placing their orders through 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 sukuk issues listed on BHB will reach 13 with an approximate total value of $6.321 billion.

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