Kingdom of Bahrain
Maturity: 1 August 2023
Issue/fixed re-offer price: 99.4470
Spread at re-offer: 338bp over mid-swaps
Launched: 25 Wednesday July
Payment date: 1 August
Joint books: BNP Paribas, Citi, Gulf International, JP Morgan
Bookrunners’ comment:The sovereign’s 2022 conventional deal was trading at 320bp over mid-swaps and the curve from nine to 10 years added ...