OREANDA-NEWS. Bahrain Bourse announced on Monday, 10th August 2015 the listing of the Government Development Bond – Issue No. 8 that has been issued by the Central Bank of Bahrain (CBB) on behalf of the Government of Bahrain through registered brokers at Bahrain Bourse as of today. The Bond will be traded under the symbol GDEV8.BND.

The BD100 million securities issued at a par value of BD1 each on 14th July 2015 for a period of 2 years ending on 14th July 2017. The returns on these securities will be paid every six months on 14th January and 14th July every year throughout the period of this issue, in which the first coupon payment will be paid on 14th January 2016 and the last coupon payment on 14th July 2017. The annual fixed interest rate on these securities is 2.75%.

As of Tuesday 11th August 2015, 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 secondary market.

Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB reached 12 issues with an approximate total value of US$ 5.127 billion.