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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Mumtalakat may sell $500 mln of bonds next week

Posted on 18 June 2010

From Bloomberg: Bahrain Mumtalakat Holding Co., the Persian Gulf country’s sovereign wealth fund, may sell $500 million of bonds as soon as next week in its first sale of debt overseas, according to a person familiar with the plan.
The offering will depend on market conditions and proceeds will be used to refinance short-term bank loans, said the person, who declined to be identified because terms aren’t set. The wealth fund is meeting with investors in Asia, the Middle East and Europe…………………………………………..Full Article: Source

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