‘Malicious’ Lazard rumours send Bahrain to mat again

Bahraini sovereign bonds fell victim to “malicious rumours” this week after they took a further battering following headlines that Lazard had been appointed as an adviser to the country. The firm, which advises on debt restructuring among other things, was in fact appointed in early May and has been advising the country on its economy for several months, according to a source with knowledge of the matter. Virginia Furness and Michael Turner report.

  • By Mike Turner, Virginia Furness
  • 05 Jul 2018
Reports of the appointment on Tuesday prompted renewed volatility in 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. Several investors attributed the sell-off directly to news articles detailing ...

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