| Bahrain, the Gulf Arab state hit by ongoing social unrest, plans to issue a benchmark-sized 10-year dollar bond this week, lead arrangers said, after testing investor appetite in roadshows that conclude on Tuesday.
Initial price guidance for the issue, which appears to be a single-tranche deal, was at a spread of 462.5 basis points over midswaps. At current swap prices, that equates to a coupon of 6.375 per cent; 10-year midswaps were quoted at 1.75 per cent on Tuesday...............................................Full Article: Source
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