Bahrain sells $2 billion in sukuk and bonds
- Date: 10-Sep-2020
- Source: Arab News
- Sector:Financial Markets
- Country:Bahrain
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