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Bahrain to launch $1 bln bond roadshow March 17 - IFR

Thu, 11th Mar 2010 16:29




DUBAI, March 11 (Reuters) - Bahrain will launch a roadshow on Wednesday for a $1 billion 10-year bond, the Gulf region's first sovereign bond issue this year, according to IFR, citing the Gulf state's central bank governor.

Governor Rasheed al-Maraj confirmed that BNP Paribas, Deutsche Bank and JP Morgan had been mandated to run the roadshow, IFR said. Presentations would take place in the Middle East, the United States, London, Asia and continental Europe and would end on March 23.

Bahrain went to the market in June last year, issuing $750 million in a five-year sukuk through Calyon, Deutsche Bank and HSBC, according to IFR, which is owned by Thomson Reuters.

(Reporting by Tamara Walid; Editing by Susan Fenton) Keywords: BAHRAIN BONDS/

(tamara.walid@thomsonreuters.com; +971 4 391 8301; Reuters Messaging: tamara.walid.thomsonreuters.com@reuters.net)

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