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18/11/2015 05:57 AST
Bahrain has begun marketing a dual-tranche US dollar-denominated benchmark-sized bond, according to a source.
The issuer is seeking to sell a January 2021 bond at a yield in the high 5 per cent region, and a January 2026 bond at 7 per cent area.
Bank ABC, BNP Paribas, Citigroup, HSBC and JP Morgan are running the 144A/Reg S transaction.
Bahrain is rated BBB- by Standard & Poor’s and Fitch.
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