Bahrain to start investor meetings ahead of multi-tranche dollar bond sale
The kingdom, rated B+ by S&P and BB- by Fitch, is targeting a seven-year sukuk, a 12-year conventional bond and/or a 30-year conventional bond
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Dubai: Bahrain has hired BNP Paribas, Citi, Gulf International Bank, National Bank of Bahrain and Standard Chartered to arrange a series of fixed income investor meetings ahead of a potential multi-tranche dollar bond issue, a document from one of the banks showed on Thursday.
The kingdom, rated B+ by S&P and BB- by Fitch, is targeting a seven-year sukuk, a 12-year conventional bond and/or a 30-year conventional bond.
Government representatives will meet investors in Asia, Britain, the Middle East and the US starting from March 23. A transaction will follow, subject to market conditions.
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