February 21, 2017 / 11:45 AM / 6 months ago

Bahrain releases guidance in 6.75 percent area for U.S dollar bond tap - leads

DUBAI, Feb 21 (Reuters) - The Kingdom of Bahrain has released pricing guidance in the 6.75 percent area for the tap of its international bond maturing in 2028, according to a document issued by the lead banks on Tuesday.

Order books for the tap issue, capped at $600 million, were in excess of $1.6 billion as of 1130 GMT on Tuesday.

Initial price guidance for the bond was in the 6.85 percent area earlier on Tuesday.

Reporting by Davide Barbuscia

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