Junk-rated Bahrain secures second bond of the year
by Mariam Meskin
September 10, 2020 06:15 PM
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.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.