Bahrain Taps Bond Market for First Time Since $10 Billion Bailout Package
- Kingdom sells sukuk bond due 2027, conventional debt due 2031
- Sale is Bahrain’s first since winning aid package last year
Salman bin Hamad Al-Khalifa, Crown Prince of Bahrain, during a meeting with President Donald Trump in Washington on Sept. 16.
Photographer: Chris Kleponis/Polaris/Bloomberg
This article is for subscribers only.
Bahrain sold $2 billion of bonds in a two-part deal about a year after it secured a bailout package from its wealthier neighbors.
The island kingdom sold dollar-denominated Sharia-compliant securities due 2027 and a conventional bond maturing in 2031, according to a person familiar with the matter, who isn’t authorized to speak publicly and asked not to be identified.