Bahrain Markets 10-Year Dollar Bond at 7.5% Hours After Iran Missile Attack
Updated
Updated · Bloomberg · Jun 3
Bahrain Markets 10-Year Dollar Bond at 7.5% Hours After Iran Missile Attack
2 articles · Updated · Bloomberg · Jun 3
Summary
Bahrain launched a benchmark-sized 10-year dollar bond on Wednesday, with guidance around 7.5% and pricing expected later in the day.
The sale came just hours after the Gulf island nation said it had fended off Iranian missile attacks, making the deal an immediate test of investor appetite for regional risk.
The senior unsecured note is the first sovereign public bond from the Middle East since the war began in late February.
Its reception will be watched as a gauge of whether regional borrowers can still access international debt markets despite the conflict.