Bahrain plans return to debt markets with mix of bonds and sukuk - Arabianbusiness:
Bahrain is planning to return to the dollar bond market, according to people familiar with the matter, as the country faces one of the world’s biggest budget deficits this year.
The Gulf nation sent a request for proposals to banks seeking to offer a benchmark-size issue, the people said, asking not to be identified because the discussions are private. Benchmark typically means at least $500 million equivalent.
The sale may include a mix of conventional bonds and Islamic securities known as sukuk, the people said.
The kingdom is under fiscal strain despite a $10 billion bailout package from its wealthier neighbours received in 2018.
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