VOL. XL
No. 11
17-March-1997
BAHRAIN
Al-Hidd Loan Still A Source Of Contention
Controversy continues to surround the underwriting of the $520mnsovereign loan to the state of Bahrain for the al-Hidd power and desalination project -the first time that Bahrain has come to the market since 1982. It is known that the dealwas successfully underwritten by National Bank of Bahrain (NBB) and Citibank and that theBahraini Government has successfully obtained the 15-year maturity which many observers...
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