Sukuk.net is a global provider of Sukuk information and Sukuk market data. About Sukuk.net

Sukuk.net: Bahrain plans to sell $500m 5-year sukuk

29/04/2009 12:45:00 PM GMT

Comments ()

Add a comment

E-mail

Related Stories
		Sukuk.net: Bahrain to launch $663m sovereign bond

		Sukuk.net: Bahrain to sell $500m 5-yr sukuk

		Sukuk.net: Gulf states to issue bonds to cover debt

		Indonesian government sets first Islamic bond issuance

		Sukuk.net: Malaysian Islamic bank eyes $500 mln deals in 2009

Bahrain has mandated three lead arrangers for its planned $500 million Islamic bond issue that will help it cover its budget deficit due to lower oil revenues, IFR reported on Tuesday.

Credit Agricole's investment arm Calyon, Deutsche Bank and HSBC are lead arrangers of the Islamic bond issue, said IFR Markets, a Thomson Reuters online news and market analysis service.

Bahrain's central bank said on April 15 it plans to issue the dollar-denominated Islamic bond, or sukuk, with a five-year maturity on May 27 with the coupon to be decided later.

The kingdom also plans to issue a 250 million Bahraini dinars ($663.1 million) three-year sovereign bond, the date for which has yet to be set

Source: trade arabia

The content of this website does not constitute advice or a recommendation and should not be relied upon in making any decision relating to investments or any other matter. You should obtain professional advice before exercising any investment decisions or choices based on information featured in this website. In no event shall Sukuk.me be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the Sukuk.me website or the information contained in it.

Sukuk.me is a global provider of Sukuk information and Sukuk market data.