Bahrain Cancels Bond Offer After S&P Cuts Sovereign Rating

  • State's $750 million tap to 2021, 2026 bonds priced on Tuesday
  • Any future transaction will be subject to market, Bahrain says

Bahrain canceled a bond offering less than two days after the securities were priced in the wake of a Standard & Poor’s decision to downgrade the nation’s debt to junk.

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