PRESS DIGEST - Wall Street Journal - Sept 28
Sept 28 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
DUBAI, July 24 The kingdom of Bahrain plans to issue a benchmark-sized U.S. dollar bond carrying a 10-year maturity, arranging banks said on Wednesday, and has set early price guidance.
Initial price thoughts for the deal, which is open to U.S. institutional investors, were given in the 6.5 percent area. Benchmark-size is typically at least $500 million for investment-grade credits.
Bahrain is rated BBB by Standard & Poor's and Fitch Ratings.
BNP Paribas, Citigroup Inc, Gulf International Bank and JP Morgan Chase & Co are bookrunners on the deal.
* Gryphon will apply for its shares to be suspended from trading on Asx from close of trading on 29 sept 2016
Sept 28 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.