UPDATE 2-Bailed-out Bahrain considers new debt sale; bonds drop - Reuters:
Bahrain met investors to discuss a possible international bond sale this year, which would be its first since it got a $10 billion bailout from its Gulf allies last year to avert a potential credit crunch, sources familiar with the matter said.
Saudi Arabia, Kuwait and the United Arab Emirates bailed out Bahrain last year when lower oil prices pushed its public debt to nearly 93 percent of annual economic output.
Bahrain’s bonds have become among the most profitable in the Gulf since then. They offer investors the returns of a junk-rated country but without the risk of impeding defaults, given the support of its wealthier neighbours.
No comments:
Post a Comment