Mumtalakat prints after huge tightening

Bahrain icon 230px
By Francesca Young
14 Jan 2020

Bahrain Mumtalakat, the country’s sovereign wealth fund, printed its $500m bond on Tuesday at 4.25% having tightened 62.5bp from initial guidance.

“Everyone came into this year wondering if it could be as good as 2019, and for me this deal is the confirmation that the market is just as strong,” said one DCM banker on the deal based into Dubai.

“It was a strong order book of $3.5bn, which aided ...

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