Bahraini lender BBK’s order books for the five-year benchmark-sized bond stood at over $1bn, Reuters has reported, citing sources. Retail lender BBK held investor meetings in May for a potential bond issue but decided to hold off until market conditions improved. Price guidance for the deal is 350 basis points over midswaps, two market sources said.
Bahraini lender BBK’s order books for the five-year benchmark-sized bond stood at over $1bn, Reuters has reported, citing sources. Retail lender BBK held investor meetings in May for a potential bond issue but decided to hold off until market conditions improved. Price guidance for the deal is 350 basis points over midswaps, two market sources said.
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