Fri, Nov 28, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Bahrain prices $750 mln 7-yr benchmark Sukuk

Posted on 17 November 2011

Bahrain priced a $750 million seven-year Islamic bond, or sukuk, at a profit rate of 6.273 percent on Wednesday, in line with guidance. The Gulf state, hit by political upheaval earlier this year, had earlier indicated price talk of 450 basis points over midswaps.

Investor meetings for the bond ended on Tuesday. BNP Paribas , Citi, and Standard Chartered are arranging the deal. Bahrain had initially looked to sell a $1 billion conventional bond at the beginning of the year but, having invited banks to pitch for roles on the transaction, was forced to postpone plans amid political unrest affecting the kingdom and the wider Arab region……………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930