'Zero chance' of Bahrain bond after bailout

Bahrain is no closer to accessing the capital markets for additional funding following its support package from its Gulf neighbours agreed last week, according to local investors. And nor is the appointment of Lazard as an advisor to the country seen as a precursor to debt restructuring.

  • By Mike Turner, Oliver West, Virginia Furness
  • 04 Jul 2018

News of the appointment on Tuesday prompted renewed volatility in the trading of Bahrain’s Eurobonds, which had recovered some losses after its regional neighbours Saudi Arabia, the UAE and Kuwait announced they were working with the country on a support package.

“Our sense is that Bahrain will be ...

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