Bahrain mandates banks for $1bn bond issue

28 September 2011

Central Bank planning to tap bond markets

The Central Bank of Bahrain has mandated three international banks to lead an international sukuk (Islamic bond) issue, expected to be around $1bn.

France’s BNP Paribas, the US’ Citigroup and the UK’s Standard Chartered have been appointed to run the sovereign bond deal.

Bahrain had planned to issue a conventional bond of a similar size earlier this year, but cancelled those plans as a result of the unrest in the country which started on 14 February.

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