Bahrain is in talks with banks about potentially issuing an international bond this year, three sources aware of the matter said on Thursday, as the Gulf country seeks to raise funds to cover a budget deficit created by cheap oil.
Bahrain faces a dilemma in coming days as it decides whether to issue a sovereign bond at a time of extreme volatility in global markets. It is a dilemma which issuers confront around the world - but in Bahrain's case it looks particularly a
Bahrain plans a sovereign bond targeting the US market by the summer, its central bank said on Tuesday, in a sign the kingdom is confident it can attract international investors.
It has mandated JP Morgan, Citi, Standard Chartered and Gulf
Bahrain plans to issue a 144a-compliant sovereign bond by the summer, the country's central bank said on Tuesday.
"Bahrain plans to issue a sovereign bond, with the issue size and tenor to be announced later,
The United Arab Emirates is not planning to issue a sovereign bond over the next two years, Finance Minister Sheikh Hamdan bin Rashid al-Maktoum said on Tuesday.
Other senior finance ministry officials had previously been quoted as saying
The United Arab Emirates may issue its first ever sovereign federal bond toward the end of 2012 after a public debt law is signed this summer, the financial affairs minister said.
The UAE's top advisory council passed a new public debt bil
Bahrain is considering a $1 billion sovereign bond issue and has invited banks to bid on arranging the issue, IFR Markets, a unit of Thomson Reuters, said on Wednesday.
The kingdom, a non-Opec oil producer, may launch the longer-term bond
Ajman Bank has appointed Ali al-Shaqosh as its new chief executive it said in a statement on Dubai's bourse website on Sunday.
Shaqosh will replace Yousif Khalaf.
The bank listed its shares on the Dubai bourse in June last year
Bahrain plans to launch a BD250 million ($663.3 million) three-year sovereign bond, the central bank said, weeks after announcing a $500 million issue to raise money to offset lower oil revenues.
Bahrain's central bank governor said la