Bahrain plans $ 500 million sukuk issue


Credit Agricole’s investment arm Calyon, Deutsche Bank and HSBC are lead arrangers of the Islamic bond issue, said IFR Markets.

Bahrain’s central bank said it plans to issue the dollar-denominated Islamic bond, or sukuk, with a five-year maturity on May 27 with the coupon to be decided later. The kingdom also plans to issue a 250m Bahraini dinars ($ 663.1m) three-year sovereign bond, the date for which has yet to be set.


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