Bahrain launches $1.5 billion, 10-year bond
The bond, Bahrain's first conventional issue since 2010, was launched at a spread of 437.5 basis points over midswaps; earlier guidance had signalled the deal would price between that level and 450 bps over midswaps.
June 27, 2012 7:18 by Reuters
Bahrain launched an offer of a $1.5 billion, 10-year bond on Wednesday, at the tighter end of earlier price guidance, indicating strong demand for the issue.
The bond, Bahrain’s first conventional issue since 2010, was launched at a spread of 437.5 basis points over midswaps; earlier guidance had signalled the deal would price between that level and 450 bps over midswaps.
JP Morgan, Citigroup, Gulf International Bank and Standard Chartered are lead arrangers on the deal, which will price later on Wednesday.
(Reporting by Mala Pancholia; Editing by Andrew Torchia)
More on All News
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Tesco Clothing Brand Plans International Expansion
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Struggling Singapore Airlines fights back
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
Turkish Airlines faces strike
-
GMR reveals top 50 Mena Corporate Brands
-
Coronavirus can spread from person to person
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
Lately on Kipp
-
Kuwait: expats sent packing
-
A maid’s wage
-
ManageEngine Expands NoSQL Support with Redis Monitoring
-
RGH ENTERTAINMENT PRODUCES NEW ANIMATED FEATURE FILM, LIFE AND ADVENTURES OF SANTA CLAUS
-
Dubai Duty Free Honoured at the 4th Sheikh Mohammed bin Rashid Al Maktoum Patrons of the Arts Awards 2013
-
Qatar to announce new energy infrastructure fund
