Bahrain Bourse, CBB allow investors to trade in government bonds

GMT 16:35 2015 Monday ,05 January

Arab Today, arab today Bahrain Bourse, CBB allow investors to trade in government bonds

Sheikh Khalifa bin Ebrahim al-Khalifa
Manama - BNA

Bahrain Bourse (BHB) announced that it has launched, in cooperation and coordination with the Central Bank of Bahrain (CBB) for the first time among stock exchanges and financial markets in the Middle East a mechanism that allows investors, both individuals and institutions, to have direct ownership in government bonds and sukuk issued by the CBB in the primary market through the Bourse as of January 2015.
Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse said that launching this mechanism comes in line with the joint efforts of CBB and BHB to develop the Capital Markets sector and increase its contribution to the economic development projects adopted by the Government of the Kingdom of Bahrain
The CEO of Bahrain Bourse said that upon the announcement of the Subscription date, Bahraini and Non-Bahraini investors will be able to purchase government bonds and sukuk through the licensed brokers at Bahrain Bourse. "Investors will be able to submit their applications following the invitation date that will be announced through the Bourse’s website," Shaikh Khalifa added.
Shaikh Khalifa revealed that BHB will announce more details on its website about the government bond and sukuk issues that will be issued by the CBB and the methods of Subscription in these issues.

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