Bahrain sells $2 billion in sukuk and bonds

Bahrain sells $2 billion in sukuk and bonds

Bahrain sells $2 billion in sukuk and bonds

Bahrain sells $2 billion in sukuk and bonds

A general view shows the Bahraini capital, Manama. Bahrain began marketing the deal at around 4.5% for the sukuk and around 5.75% for the conventional bonds. (File/AFP)

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Bahrain sells $2 billion in sukuk and bonds

It sold $1 bn in sukuk at 3.95%, $1 bn in 12-year bonds at 5.45%

Bahrain averted a credit crunch in 2018 with a $10 bn aid package

Updated 09 September 2020

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DUBAI: Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk, or Islamic bonds, and a 12-year conventional tranche.

The small oil producer, which averted a credit crunch in 2018 with a $10 billion aid package from its Gulf neighbors, raised $2 billion