VOL. XLV
No 46
18-November-2002
BAHRAIN
S&P Assigns A- Rating to Bahrains Proposed Bonds
Ratings agency Standard & Poors (S&P) has assigned an A- foreign currency senior unsecured debt rating to Bahrains proposed fourth issue of Islamic leasing bonds (Sukuk), which is scheduled for 19 November. The issue is worth $50mn, carries a three-year maturity and has a rental return of 3% per year paid half-yearly in May and November. The Sukuk, which will be issued by the Bahrain Monetary...
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