Bahrain edges EM wider open with 5.5 times subscribed deal

Bahrain_PA_575x375.jpg
By Ross Lancaster
07 May 2020

The Kingdom of Bahrain moved emerging markets’ bond recovery beyond top tier issuers on Thursday as it printed a $2bn dual tranche dollar trade that raked in $11bn of demand.

B+/BB- rated Bahrain held an investor call on Wednesday before announcing a Thursday deal of 4.5 year sukuk and 10 year notes.

Since the Covid-19 coronavirus crisis, investors have lapped up GCC issuance. But that high demand has flocked to highly rated credits – Abu Dhabi, Saudi Arabia ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.