Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business

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