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Company News

Bahrain hires banks for dollar sukuk and bond issuance - document

DUBAI, Sept 8 (Reuters) - Bahrain has hired banks to arrange a multi-tranche U.S. dollar-denominated debt issuance consisting of sukuk and bonds, a document from one of the banks arranging the deal showed on Tuesday.

Bahrain hired Bank ABC, Citi, Gulf International Bank, HSBC, National Bank of Bahrain and Standard Chartered to arrange an investor call on Tuesday, to be followed by the issuance of seven-year sukuk as well as 12-year conventional bonds and/or 30-year conventional bonds, subject to market conditions, the document said. (Reporting by Yousef Saba; Editing by Andrew Heavens)

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