$10 Billion Bailout Makes #Bahrain Debt Best in Gulf as #Oman Lags - Bloomberg

$10 Billion Bailout Makes Bahrain Debt Best in Gulf as Oman Lags - Bloomberg:

Bonds of Bahrain, the smallest member of the Gulf Cooperation Council, have handed investors the biggest return since the island nation’s $10 billion bailout last year. For those holding Oman’s debt, the losses have piled up.

Corporate and sovereign notes from Bahrain delivered an average return of almost 5 percent since the aid was pledged at the start of October, data compiled by Bloomberg show. The tiny Gulf kingdom, which is closely allied with Saudi Arabia and the U.S., has taken steps to cut its budget deficit as part of the deal. Inclusion in JPMorgan Chase & Co.’s emerging-market indexes, which began last month, also helped.