Bahrain ups bond to $1.5bn, sharpens guidance
Bahrain has exceeded expectations for the size of its new benchmark bond and has tightened guidance ahead of the sale. The kingdom’s finance ministry is poised to issue a $1.5bn conventional 10 year dollar deal — up from the rumoured $1.25bn — with arrangers giving final guidance of 437.5bp-450bp over mid-swaps, tighter than the previously indicated 462.5bp.
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