Middle East Economic Survey

VOL. LIV

No 40

3-Oct-2011

Bahrain

Bahrain Hires International Banks For $1Bn Sovereign Sukuk

Bahrain has outlined its plans to issue $1bn of Sukuk and has mandated three multinational banks for the proposed sale. Citigroup, BNP Paribas and Standard Chartered have been appointed as advisors, as the country looks to bridge its budget deficit of around 5% of GDP, Central Bank of Bahrain (CBB) Governor Rashid al-Maraj said in an interview with Bloomberg on 26...