BBK launches 5-year benchmark bond
Manama, October 19, 2010
Bahrain-based lender BBK on Tuesday launched a five-year benchmark sized bond sale, two sources familar with the matter said, after postponing an issue earlier in the year due to market conditions.
HSBC, Citi and Deutsche Bank are the bookrunners for the deal which is expected to price this week.
The bank held investors meetings in May for a potential issue under its existing euro medium term notes (EMTN) programme.-Reuters
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