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Bahrain’s BBK says too volatile to launch bond now

Posted on 06 July 2010

From Alrroya.com: Bahraini retail lender BBK will not launch its planned benchmark bond issue until market conditions stabilise, its chief executive said on Monday.The bank held investors meetings in May with a view to a potential benchmark U.S. dollar Eurobond issue under its existing euro medium term notes (EMTN) programme.
Bahrain’s sovereign wealth fund Mumtalakat reopened Gulf Arab bond markets by issuing a five-year $750 million bond in late June after the market was hit by the European debt crisis, raising the prospect other issuers from the region could follow.”……………………………………….Full Article: Source

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