09.06.2009 - Bahrain sukuk to start lower than expected
From Maktoob.com: The indicated pricing of Bahrain's sovereign sukuk issue, seen as an important gauge for the battered Gulf Arab sukuk market, has come in at the low end of expectations, an expert said on Monday. Gulf Arab state Bahrain is to issue a benchmark-sized dollar five-year sukuk at initial guidance of a spread of 350 basis points over U.S. Treasuries, an official at one of the lead managers said earlier.......Full Article: Source