Bahrain’s Nogaholding to price dollar-denominated eight-year sukuk

By Rebecca Melvin

Concord, N.H., March 31 – Bahrain’s Oil & Gas Holding Co. BSC, or Nogaholding, was expected to price a dollar-denominated eight-year Islamic bond, or sukuk, under Rule 144A and Regulation S, according to a syndicate source on Wednesday.

The issuer is nogaholding Sukuk Ltd.

J.P. Morgan Securities plc, Gulf International Bank, HSBC and BNP Paribas are managing the deal.

Nogaholding is the state-owned strategic investment and development arm of the sovereign’s oil and gas authority.

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