MIDEAST DEBT-Bahrain expected to offer premiums to issue multi-tranche bond

MIDEAST DEBT-Bahrain expected to offer premiums to issue multi-tranche bond:

"The government of Bahrain is expected to offer investors significant premiums over its outstanding debt when it issues bonds this week because of growing concern over its finances in an era of cheap oil, portfolio managers said. Investor meetings are due to end in New York on Tuesday. A triple-tranche issue may follow, including a long seven-year sukuk issue maturing in 2025, a 12-year conventional bond and, subject to investor interest, a 30-year conventional bond, investors familiar with Bahrain’s thinking told Reuters. They said Bahrain’s issuance this week could total $1.5 billion to $2.5 billion. Bahrain’s central bank did not respond to a request for comment."



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