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...
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