Tuesday 17 September 2019

UPDATE 1- #Bahrain gears up for first dollar bond since Gulf bailout - Reuters

UPDATE 1-Bahrain gears up for first dollar bond since Gulf bailout - Reuters:

Bahrain has mandated banks for a dual-tranche dollar-denominated bond issue, which would be its first since it obtained a $10 billion bailout from its Gulf allies last year to avert a credit crunch. 


The small Gulf kingdom is looking to issue seven-year Islamic bonds and 12-year conventional bonds, according to a document seen by Reuters. 

It has mandated BNP Paribas, Citi, Gulf International Bank, JP Morgan, National Bank of Bahrain and Standard Chartered to organise investor meetings in Asia, the United States, the Middle East and Britain from Thursday, according to the document.

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