BBK's orderbook at least $1bn

24 October 2010

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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications