Bahrain Bourse lists BD125m Ijarah Issue
- Date: 26-Jul-2020
- Source: 24×7 News
- Sector:Financial Markets
- Country:Bahrain
Bahrain Bourse lists BD125m Ijarah Issue
Manama: Bahrain Bourse (BHB) announced the listing of the
Government Islamic Leasing (Ijarah) Sukuk - Issue No. 26 that has been issued by
the CBB on behalf of the Government of Bahrain.
The sukuk will be traded under the symbol GILS26.SUK as of Thursday,
23rd July 2020.
The BD125 million sukuk issued at a par value of BD1 each
on 19th of July 2020 for a period of 6 years ending on 19th of July 2026. The
annual fixed return on these securities is 4.50%, and will be paid every six
months on 19th of January and 19th of July every year throughout the period of
this issue.
As of Thursday, 23rd July 2020, investors were 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.
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$ 7.109 billion.