Bahrain prices $3bn, three-tranche bond deal; demand tops $15bn:
"The Kingdom of Bahrain has priced its $3bn, three-tranche bond issue at 5.25 per cent for 7.5-year money, with a 12-year maturity at 6.75 per cent and a 30-year tranche at 7.5 per cent. Strong investor demand drove books to top $15bn. The deal includes an $850m, 7.5-year maturity sukuk – the biggest Islamic finance bond to launch since the start of a row over sukuk bonds issued by UAE-based energy company Dana Gas threatened to derail the Islamic finance market earlier this year. "
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