Dubai: The Kingdom of Bahrain announced on Tuesday a tap of up to $600 million (Dh2.2 billion) of its existing 144 A/REG S bond maturing in 2028, according to a document issued by the banks leading the transaction.

Initial pricing guidance for the tap is in the 6.85 per cent area. The bond is expected to price later on Tuesday.

Bank ABC, BNP Paribas, Credit Suisse, JP Morgan and Standard Chartered are the book runners.