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Bahrain gets $5.5bn orders for bond

Manama, March 24, 2010

Bahrain attracted $5.5 billion in orders for its $1.25 billion 10-year bond, banking and fund management sources said on Wednesday.   

The bond was earlier launched at a spread of 200 basis points over mid-swaps. Lead managers are BNP Paribas, Deutsche and JPMorgan.

'The pricing was initially 210 over and then it was tightened but it still looks reasonably attractive,' said a London-based fund manager.

'Compared to Abu Dhabi or Qatar, you pick up 70-90 basis points.'  - Reuters




Tags: Bahrain | BNP | Fund managers |

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