Bahrain Launches $1.25 Billion Bond Issue Amid Strong Demand - WSJ:
"Bahrain launched a $1.25 billion bond issue Wednesday amid strong demand, an amount larger than previously expected as the Arab Gulf kingdom benefits from renewed investor confidence following political unrest over the past few years.
Pricing of the 30-year bond, yielding 6%, is expected later today, an arranging bank told its clients in an email viewed by The Wall Street Journal. Bahrain was expected to issue a benchmark sized bond, which is usually of about $500 million in size.
Bahrain's economy is on the mend as it enjoys a period of relative stability following unrest in the tiny kingdom amid broader political turbulence in the region since early 2011. Its gross domestic product grew 5.3% in 2013, supported by a rebound in the hydrocarbons sector, according to the International Monetary Fund."
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