Wednesday, 16 February 2011

Planned Bahrain sovereign bond seen delayed amid unrest-bankers | Reuters

A planned $1 billion Bahrain sovereign bond issue is likely to be delayed as anti-government protests shook the Gulf Arab kingdom on Wednesday while jittery investors, worried about their exposure, sold off state bonds.

Bahrain's debt insurance costs hit fresh 18-month highs on Wednesday as thousands of Shi'ite protestors, inspired by popular revolts that toppled rulers in Tunisia and Egypt, poured into Bahrain's capital to mourn for a second demonstrator killed in clashes this week. [ID:LDE71F002]

Bahrain had asked banks to bid on securing the mandate for a proposed sovereign bond issue early this month.

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