| Bahrain's $750 million Islamic bond issue last week is a part of its plan to create a yield curve, the central bank said yesterday. "Bahrain's return to the sukuk market through a longer dated issue is a part of our desire to create a yield curve in the international sukuk market in the same way that we have in our domestic market," said Shaikh Salman bin Isa Al Khalifa, executive director of banking operations at Central Bank of Bahrain (CBB).
The kingdom, hit by political upheaval earlier this year, drew $1.8 billion in demand for its seven-year bond, or sukuk, its first sovereign issue since March 2010, pricing it at a yield of 6.273 per cent on Wednesday...............................................Full Article: Source
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