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Bahrain hires four banks for new US dollar bond - sources
July 22, 2014 / 1:51 PM / in 3 years

Bahrain hires four banks for new US dollar bond - sources

LONDON, July 22 (IFR) - The Kingdom of Bahrain, rated Baa2/BBB/BBB, has hired four banks including Citigroup, Gulf International Bank and Standard Chartered to arrange a new US dollar bond issue, according to sources.

One source said the sovereign could be considering a 30-year bond deal. The timing of the transaction is unclear.

Bahrain last issued in the international bond market a year ago when it sold a US$1.5bn 10-year note. (Reporting by Sudip Roy and Abhinav Ramnarayan)

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