A $1 billion bond being mulled by Bahrain is likely to receive a positive response despite political turmoil in Egypt, analysts said, and could become the first sovereign sale from the Gulf Arab region this year.
The Gulf kingdom, a non-OPEC oil producer, has invited banks to bid on arranging the longer-term issue tentatively scheduled for March, IFR Markets, a unit of Thomson Reuters, said on Wednesday.
The ongoing unrest in Egypt showed little signs of easing as pro- and anti-government protesters clashed in Cairo on Wednesday, with investors increasingly concerned about contagion to other Arab states.
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