May 7, 2020 / 5:34 AM / 18 days ago

Bahrain markets dual-tranche bonds with 10-year notes at around 8% -sources

DUBAI, May 7 (Reuters) - Bahrain started marketing a dual-tranche U.S. dollar-denominated bond issuance comprising 4-1/2-year sukuk, or Islamic bonds, and 10-year conventional bonds, sources said on Thursday.

The Gulf state is offering an initial price guidance of 6.625%-6.75% for the sukuk and around 8% for the 10-year notes, the sources said.

The deal is expected to close later on Thursday. (Reporting by Davide Barbuscia; Editing by Tom Hogue)

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