Bahrain sells $2bln in sukuk and bonds – document

SourceZawya
SectorFinancial Markets
CountryBahrain

Bahrain sells $2bln in sukuk and bonds - document It gave initial price guidance of around 4.5% for the sukuk and around 5.75% for the conventional bonds    Image for illustrative purposes. Central Bank of Bahrain official shows new BD$10 on first day of its release in Manama.DUBAI- Bahrain sold $2 billion in a dual-tranche bond deal comprising seven-year sukuk and 12-year conventional bonds on Wednesday, its second international debt sale this year, a document showed.Bahrain sold $1 billion in sukuk at 3.95% and $1 billion in 12-year bonds at 5.45% and received more than $7.6 billion in combined orders for them, the document from one of the banks arranging the deal showed.(Reporting by Yousef Saba; Editing by Alex Richardson) ((Yousef.Saba@thomsonreuters.com; +971562166204))Zawya Coveragefinancial servicesUAE and Pakistani finance authorities join hands ...read more...