Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
- Date: 08-Sep-2020
- Source: Arab News
- Sector:Financial Services
- Country:Bahrain
Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
Bahrain hires banks for second bond issuance of 2020
Gulf oil producer raised $2 billion in May to bolster finances battered by low oil prices and the coronavirus crisis
Updated 08 September 2020
Reuters
September 08, 2020 07:45
DUBAI: Bahrain has hired banks to arrange a multi-tranche sale of US dollar-denominated sukuk and bonds that would be the country's second bond issue this year, a document from one of the banks arranging the deal showed on Tuesday.
The oil producer, which averted a credit crunch in 2018 with a $10 billion aid package from its wealthy Gulf neighbors, raised $2 billion in May to bolster finances battered by low oil prices and the coronavirus crisis.
"Appetite for yield is high at the moment so I think demand will be high for Bahrain, as