Bahrain state-owned oil company hires bankers for debut bond issue:
"The Oil & Gas Holding Company B.S.C., which is fully owned by the Kingdom of Bahrain, has hired banks to arrange investor meetings ahead of the company’s debut bond issue, as a rush of new debt sales from the Middle East continues.
The company, which is rated BB+ by Fitch, will hold meetings in the United Arab Emirates, Europe and the United States, beginning this Wednesday. A bond with a tenor of up to 10 years could follow, subject to market conditions.
The news comes as Middle Eastern countries have issued a record amount of debt on international capital markets, with Saudi Arabia last month selling the largest emerging market bond this year, at $12.5bn, and Abu Dhabi following up with a $10bn bond last week."
'via Blog this'
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