Bahrain USD1bn 3.95% Sept 27, USD1bn 5.45% Sept 32

By Mariam Meskin
10 Sep 2020

Rating:B2/B+/B+


Tranche 1:$1bn 144A/Reg S senior sukuk

Maturity: 16 September 2027

Issue/reoffer price:100.00

Profit rate:3.950%

Spread at reoffer: 347.1bp over US Treasuries, 346bp over mid-swaps


Tranche 2: $1bn Reg S senior conventional

Maturity:16 September 2032

Issue/reoffer price:100.00

Yield:5.450%

...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial