27.09.2011 - Bahrain plans $1bln sovereign sukuk
Bahrain is planning to issue a $1 billion sovereign Islamic bond and has mandated three banks for the proposed sale. BNP Paribas, Citigroup and Standard Chartered have been appointed to manage the issue, the bankers with knowledge of the move said, although they gave no idea as to when the issue would happen. The Central Bank of Bahrain had initially invited banks to pitch for a $1bn conventional bond back in February but the results of that process were delayed because of the outbreak of political unrest in the kingdom.............................................Full Article: Source
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