Bahrain gives no details on new Gulf financial aid during bond roadshow -sources:
"Bahraini officials conducting a roadshow for investors ahead of a possible sovereign bond issue have not disclosed details of additional financial support that the country may receive from its Gulf neighbours, fund managers at the meetings said. The country plans to sell a multi-tranche, U.S. dollar-denominated sovereign bond after a series of investor meetings that started last Friday in London and are continuing this week in the Middle East, the United States and Asia. The tiny Gulf kingdom is rated junk by the three major credit rating agencies. But so far it has borrowed successfully in the international debt market because investors believe it can count on support from its richer Gulf neighbours, particularly Saudi Arabia, if its finances deteriorate further."
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