Commencement of Trading on BD150 Million Government Development Bond OREANDA-NEWS. Bahrain Bourse announced on Wednesday, 5th August 2015 the listing of the Government Development Bond that has been issued by the 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 GDEV9.BND.

The BD150 million securities issued at a par value of BD1 each on 30th July 2015 for a period of 5 years ending on 30th July 2020. The returns on these securities will be paid every six months on 30th January and 30th July every year throughout the period of this issue, in which the first coupon payment will be paid on 30th January 2016 and the last coupon payment on 30th July 2020. The annual fixed interest rate on these securities is 4.00%.

As of Thursday 6th 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 primary market.

Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB reached 11 issues with an approximate total value of US\\$ 4.861 billion.

It is worth mentioning that Bahrain Bourse has issued on Sunday, 1st February 2015 the Guidelines on Trading Debt Instruments on Bahrain Bourse. The Guidelines organize the trading of debt instruments in the secondary market at the Bourse during trading sessions that start daily from 9:30 am until 1:00 pm from Sunday to Thursday. The guidelines clarify the types of orders, board lots and the tick size applied in the debt market. The guidelines also present the pricing mechanism in the debt market which states that the seller investor will receive the full amount of the transaction which includes the bond value plus the coupon which will be automatically calculated by the system.

All transactions on bonds will be settled within two business days of the completion of the deal (T+2).