With the listing of the BD 200million Government Development Bond issued by the Central Bank of Bahrain, the total the number of conventional bonds and Islamic Sukuk listed on the bourse reached 12 issues with an approximate total value of $ 4.2 billion.
Director of Bahrain Bourse Fouad A. Rahman Rashid issued a resolution on Wednesday to list BD200 million Government development bond as of Thursday January 20th. The bond was issued by the Central Bank of Bahrain on behalf of the Government of the Kingdom of Bahrain.
The face value of the bond is BD10 thousand with a maturity period of 7 years, starting from 27 December 2010 until 27 October 2017. The bond pays an annual fixed interest rate of 5% payable every six months on 27th June and 27th December throughout the period of the issue. The minimum amount of investment in the bond is BD10 thousand or multiples thereof.