VOL. XLVI

No 4

27-January-2003

BAHRAIN

Bahrain $500Mn International Eurobond Oversubscribed Despite War Tension

Bahrains five-year $500mn international bond issue, launched on 21 January, came in oversubscribed, with offers totaling $1.2bn as both regional and international investors shrugged off a possible US strike against Iraq. In a similar move to Irans issue of Eurobonds last year (MEES 15 July and 16 December 2002), the Bahraini Governments aim was to set a benchmark for Bahrain debt in the...