Middle East Economic Survey
Bahrain Issues $1.25Bn, 10-Year Benchmark Bond
The government of Bahrain on 24 March issued a $1.25bn benchmark 10-year bond, which has been successfully placed according to the Central Bank of Bahrain (CBB). The initial size of the bond offering was $1bn, but the issue was six times oversubscribed. The bond was priced at a spread of 200 bps over the 10-year US Treasury yield and sold below par at a price of 97.829% to yield a...