Bahrain’s Nogaholding selects banks, sets meetings for dollar notes

By Rebecca Melvin

New York, Oct. 24 – Bahrain’s Oil & Gas Holding Co. BSC, or Nogaholding, has mandated banks and scheduled roadshow meetings for a proposed U.S. dollar-denominated benchmark offering of six- and/or 10-year notes, according to a syndicate source on Wednesday.

BNP Paribas, Citigroup, and JPMorgan are joint global coordinators, and Bank ABC, Gulf International Bank, HSCB, National Bank of Bahrain, Societe Generale and Standard Chartered Bank are joint lead managers arranging a series of fixed-income investor meetings in London and the United States beginning on Friday.

A Rule 144A and Regulation S offering will follow, subject to market conditions.

Wholly owned by Bahrain, Nogaholding is the strategic investment and development arm of the sovereign’s oil and gas authority.

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