Oct 4 (IFR) - The Kingdom of Bahrain has started marketing
benchmark-sized US dollar bonds maturing in February 2024 and
October 2028, according to a source.
The seven-year sukuk notes are being marketed at a yield of
6% area and the 12-year conventional notes at 7.25% area.
The 144A/Reg S transaction is today's business via Bank ABC,
BNP Paribas, Credit Suisse, JP Morgan, Standard Chartered Bank.
Bahrain is rated BB (stable) by Standard and Poor's and BB+
(stable) by Fitch.
(Reporting by Robert Hogg; editing by Sudip Roy)