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By Robert Hogg
Sept 27 (IFR) - The Kingdom of Bahrain is planning a dual-tranche benchmark sized US dollar denominated bond issue, according to a lead.
The sovereign has mandated Bank ABC, BNP Paribas, Credit Suisse, JP Morgan, Standard Chartered Bank to arrange a series of investor meetings across the Middle East, the US, Asia and the UK, beginning on Wednesday September 28th.
A 144A/Reg S transaction consisting of an intermediate tenor sukuk and a longer dated conventional tranche is expected to follow, subject to market conditions.
Bahrain is rated BB by Standard and Poor's and BB+ by Fitch.
(Reporting by Robert Hogg, Editing by Helene Durand) ((Robert.Hogg@thomsonreuters.com; +44 207 542 9077;))
By Robert Hogg
Sept 27 (IFR) - The Kingdom of Bahrain is planning a dual-tranche benchmark sized US dollar denominated bond issue, according to a lead.
The sovereign has mandated Bank ABC, BNP Paribas, Credit Suisse, JP Morgan, Standard Chartered Bank to arrange a series of investor meetings across the Middle East, the US, Asia and the UK, beginning on Wednesday September 28th.
A 144A/Reg S transaction consisting of an intermediate tenor sukuk and a longer dated conventional tranche is expected to follow, subject to market conditions.
Bahrain is rated BB by Standard and Poor's and BB+ by Fitch.
(Reporting by Robert Hogg, Editing by Helene Durand) ((Robert.Hogg@thomsonreuters.com; +44 207 542 9077;))
