Bahrain gets $5.5bn orders for bond
Manama, March 24, 2010
Bahrain attracted $5.5 billion in orders for its $1.25 billion 10-year bond, banking and fund management sources said on Wednesday.
The bond was earlier launched at a spread of 200 basis points over mid-swaps. Lead managers are BNP Paribas, Deutsche and JPMorgan.
'The pricing was initially 210 over and then it was tightened but it still looks reasonably attractive,' said a London-based fund manager.
'Compared to Abu Dhabi or Qatar, you pick up 70-90 basis points.' - Reuters