Bahrain expected to raise $2 billion in three-tranche bond sale

Dubai: Bahrain is expected to raise $2 billion in a three-tranche bond sale on Wednesday, a document showed, as it seeks to plug a fiscal deficit exacerbated by the pandemic and low oil prices.

It gave initial price guidance of around 4.875 per cent for a seven-year tranche, around 5.75 per cent for 12-year bonds and around 6.75 per cent for 30-year bonds, according to the document from one of the banks arranging the deal.