Bahrain Wakes Up to Bond Reality as Secondary Market Takes a Hit - Bloomberg:
"Bahrain reined in its bond-sale plans as investors sought higher yields amid a surge in issuance from the Gulf. After indicating last week that the kingdom could sell as many as three different tenors in a mix of conventional and Islamic debt, it only offered a 7.5 year sukuk today. Bahrain’s yields have jumped since the roadshow details were shared with investors. Recent sales from the region have seen a drop off in bids as appetite for Gulf deals flagged amid tight pricing. Weak global markets are also adding to the jitters."
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