"Bahrain, the Persian Gulf kingdom planning to sell bonds as early as this week, faces rising borrowing costs after its yields jumped to a nine-month high.
The island kingdom is set to conclude investor meetings today before what may be its first international sale since issuing $1.5 billion of Eurobonds almost a year ago. The yield on the 6.125 percent 2022 debt has jumped three times more than Middle East peers this month, climbing 103 basis points to 5.54 percent at 10:13 a.m. in Manama. It rose to 5.67 percent last week, the highest since Aug. 30."
'via Blog this'
No comments:
Post a Comment