Mubasher: Bahrain began a deal to reopen bonds issuance and raised their value to $750 million with a yield at two tranches, a document for two main organizers showed.
Bahrain raised borrowing size by $250 million pushed by strong demand as subscription demands increased to above $1.35 billion, according to Reuters.
The kingdom struck reopening bond issue deal on Tuesday at two tranches, one at five-year with yield %5.70, and the other at ten-year with a yield 7.40%.
The price guidance that preceded the deal is 5.70% to 5.80% for five-year tranche and %7.40 to %7.50 for ten-year tranche.
The primary price guidance for the first tranche is 5.875% and 7.5% for the second one.
Last November, Bahrain collected $1.5 billion and the yield of the five-year tranche was 5.875% and for 10% ten-year tranche.
