Bahrain hires banks for $1bn bond sale

18 February 2010

Bahrain has hired JPMorgan Chase Bank, Deutsche Bank and BNP Paribas to manage the sale of a $1bn bond, Bloomberg has reported, citing a banker familiar with the deal. Last month, the kingdom's central bank announced plans to issue about $1bn conventional bond, with a 10-year maturity to fund its budget. Lead managers are expected to start investor meetings in late March or early in the second-quarter, the banker told the news service.

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