All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Emerging MarketsEM Middle East

Downgraded Bahrain expected to re-tap DCM as investors stay hungry for HY

AdobeStock_Bahrain_Coronavirus_575x375_17Aug2020

Struggling Gulf state Bahrain has fallen further into junk territory, with its budget deficit expected to balloon as a result of an oil price slump and the Covid-19 pandemic. But it is not all gloom, experts said, as bond markets remain wide open for high yield issuance.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login