Tuesday 25 June 2013

Bahrain still hopeful about new bond issue - IFR | Reuters

"Despite volatile market conditions and the threat of a two-notch downgrade by ratings firm Moody's, the Kingdom of Bahrain (BBB/BBB) is continuing to monitor markets for a possible Eurobond issuance.

The Gulf nation completed roadshows last week ahead of a possible transaction via BNP Paribas, Citigroup, Gulf International Bank and JP Morgan.

However, the roadshows coincided with a brutal day for emerging secondary markets, as traders reacted to comments from the U.S. Federal Reserve on Wednesday night."

'via Blog this'

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