Middle East Economic Survey
Bahrains $750Mn Sukuk Issue Oversubscribed
Bahrains $750mn sukuk issue, offered through its central bank, has come in almost two and a half times oversubscribed. It was priced at 450 basis points (bps) over mid swaps, yielding 6.273%, which was in line with pricing guidance. Allocations comprised 62% to Middle East investors, 20% to European investors, 12% to Asian, and 6% to other regions, said the Central Bank of Bahrain (CBB)....