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Bahrain to issue sovereign bond by summer

Posted on 09 May 2012

Bahrain plans to issue a sovereign bond by the summer, its central bank said on Tuesday, a sign that the Gulf country is confident it can draw international investors despite ongoing social unrest and budgetary pressures.
A year of clashes between protesters from the Shi’ite majority and security forces has weighed on the small non-OPEC oil exporter, eroding capital parked in its mutual funds, while fiscal handouts have raised the average oil price the kingdom needs to balance its budget to near-market levels………………………………………..Full Article: Source

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