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Bahrain mandates banks, sets roadshow for long seven-year, 12-year dollar sukuks
By Rebecca Melvin
New York, Sept. 17 – The Kingdom of Bahrain has chosen banks and scheduled fixed-income investor meetings for dual tranches of dollar-denominated benchmark notes, including a seven-year sukuk and 12-year bonds, according to a market source on Tuesday.
The sovereign, acting through its Ministry of Finance, has selected BNP Paribas, Citi, Gulf International Bank, JPMorgan, National Bank of Bahrain and Standard Chartered Bank to arrange the roadshow beginning on Thursday. A Rule 144A and Regulation S transaction will follow, subject to market conditions.
Bahrain is rated BB- by Fitch Ratings and B+ by S&P Global Ratings.
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