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Bahrain to kick off roadshows for benchmark dollar bond

Posted on 19 June 2012

Bahrain plans to kick off investor meetings on Wednesday for a planned dollar-denominated benchmark bond issue, arranging banks said on Monday, in what would be the kingdom’s first offering of non-Islamic debt since Arab Spring-inspired protests began.
The Gulf Arab state, rated BBB by Fitch Ratings and Standard & Poor’s, has been hit by anti-government demonstrations in the last year, but managed to raise $750 million from an Islamic bond issue in November. That deal was largely supported by a strong local bid as well as tapping into demand for Islamic assets………………………………………..Full Article: Source

 
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