BD100m Sukuk listed on BHB
Manama : Bahrain Bourse (BHB) yesterday announced the listing and commencement of trading of the Government Islamic Lease (Ijarah) Securities (Sukuk) – Issue No. 25.
Following the listing of this issue, the number of conventional bonds and sukuk issues listed on BHB reached 14 issues with an approximate total value of US$ 6.416 billion.
Issued by the CBB on behalf of the Government of Bahrain, the sukuk will be traded under the symbol GILS25.SUK.
The sukuk was issued through registered brokers at Bahrain Bourse.
The BD100 million sukuk was issued at a par value of BD1 each on the 8th of January 2018 for a period of 3 years ending on the 8th of January 2021.
The annual fixed return on these securities is 4.8%, and will be paid every six months on 8th July and 8th January every year throughout the period of this issue.
Investors will now be able to sell and buy the sukuk 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 main market.
Related Posts