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Bahrain Set To Raise $1.25bn From 30-Year Bond Sale

Bahrain Set To Raise $1.25bn From 30-Year Bond Sale

Final guidance was given at 6.00 per cent while initial guidance had been 6.00-6.125 per cent.

Bahrain set the size of its 30-year bond issue at $1.25 billion on Wednesday, while tightening the pricing to the lower end of its initial price guidance.

Final guidance was given at 6.00 per cent; initial guidance had been 6.00-6.125 per cent, and initial price thoughts were set on Tuesday in the low six per cent area.

More than $5.75 billion of orders were received, according to a document from lead managers. The bond was set to price in the London afternoon on Wednesday.

Bahrain chose Citigroup, Gulf International Bank, Mitsubishi, and Standard Chartered to arrange the roadshows.

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