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

17/04/2009 05:43:47 AM GMT

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(Sukuk.net) The Governor of Bahrain's central bank said that the kingdom plans to launch a $663.3 million three-year sovereign bond, Gulf Daily News reported.

He said last month the kingdom was finalizing a $500m sukuk, half of which would go towards refinancing an existing bond maturing in June.

The central bank said the dollar-denominated bond would have a five year maturity and would be issued on May 27 with the coupon to be decided later.

Bahrain has yet to set a date for the three year bond, it said.
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