DUBAI, March 31 (Reuters) - Bahrain's National Oil and Gas
Holding Company (NOGA Holding) is expected to sell between $500
million and $600 million in eight-year sukuk, or Islamic bonds,
on Wednesday, a document from one of the banks on the deal
showed.
NOGA, wholly owned by the Bahraini government, tightened
price guidance to 5.5%-5.625% from initial price guidance of
5.75%-5.875% for the sukuk, which are expected to launch later
on Wednesday. It received over $2 billion in orders for the
deal.
Gulf International Bank, HSBC, JPMorgan and
BNP Paribas are arranging the deal.
(Reporting by Yousef Saba, editing by Louise Heavens)