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Emerging MarketsEM Middle East

Batelco buys back $131m of 2020 bond, stable in secondary

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International Telecommunications Group Batelco is buying back $131.4m of its 2020 bonds, and expects to settle the transaction on Friday. The Bahraini issuer paid a decent premium for the tender offer, designed to use excess cash on its balance sheet, said a banker on the deal.

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