Bahrain is expected soon to launch a sovereign bond issue, testing appetite for the troubled economy as it seeks to recover from the impact of last year’s unrest.
Initial indications are that the expected $1.25bn, seven to 10-year tenor bond would receive strong demand in Bahrain and Saudi Arabia as banks seek to put rising liquidity to work, though broader interest may lag behind, market participants say.
Bankers say the decision to launch the bond has not been finalised, but they expect it to proceed soon to catch a window of opportunity that could be closed by more eurozone problems.
No comments:
Post a Comment