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.
