Bahrain’s BBK talks five-year notes at 200 bps area over mid-swaps; pricing Tuesday

By Christine Van Dusen

Atlanta, March 16 – Bahrain’s BBK BSC set talk in the mid-swaps plus 200 basis points area for a euro-denominated offering of benchmark-sized five-year notes, a market source said.

BNP Paribas, HSBC and National Bank of Abu Dhabi are the bookrunners for the Regulation S deal.

The notes are expected to price on Tuesday.

BBK is a retail lender that is part-owned by the government of Bahrain.

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