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Emerging MarketsEM Middle East

Junk-rated Bahrain secures second bond of the year

AdobeStock_Bahrain_Coronavirus_575x375_17Aug2020

The Kingdom of Bahrain, one of only two sub-investment grade sovereigns in the typically highly rated Gulf, tapped investors this week for its second bond of the year. The deal comes just weeks after Bahrain increased its debt ceiling, as Gulf states grapple with the impact of low oil prices and Covid-19 on their spending plans.

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