Bahrain dollar bonds fall in wider Middle East sell-off

London: Bahrain dollar bonds fell across curve on Wednesday, as assets across the region continued to drop in the wake of a sweeping anti-graft crackdown in Saudi Arabia.

The country’s 2023 issue slipped 0.65 cents to 104.65 cents — the lowest level since January, according to Thomson Reuters data. The 2044 bond nursed the biggest losses, falling 0.85 cents to 83.80 cents.

Earlier, Bloomberg reported, quoting sources, that Bahrain had asked for financial assistance from Gulf allies as it seeks to replenish its foreign-exchange reserves and avert a currency devaluation that could reverberate across the region.