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.
