The Kingdom of Bahrain, acting through the Ministry of Finance and National Economy (BHRAIN), exp B+ (n) by S&P and B+ (n) by Fitch, US$750m 144A/Reg S 12y fixed rate bond due 7/7/37. Citi, First Abu Dhabi Bank, HSBC (B&D 8y Sukuk), JP Morgan (B&D 12y bond) and National Bank of Bahrain as Joint Global Coordinators. Bank ABC and Emirates NBD Capital as Joint Bookrunners. Pricing 4/30. Settle 5/7. IPTs: 7.75% area. GUIDANCE: 7.5%#. LAUNCHED: $750m 12y at 7.5%. PRICED: $750m 7.50% 7/7/37 100.00 7.50%. - CBB International Sukuk Programme Co WLL (BHRAIN), exp B+ (n) by S&P and B+ (n) by Fitch, US$1.75bn 8y Sukuk pursuant to Bahrain's Trust Certificate Issuance Programme. Citi, First Abu Dhabi Bank, HSBC (B&D 8y Sukuk), JP Morgan (B&D 12y bond) and National Bank of Bahrain as Joint Global Coordinators. Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, KFH Capital and KIB Invest as Joint Bookrunners. Pricing 4/30. Settle 5/7. IPTs: 6.625% area. GUIDANCE: 6.25%#. LAUNCHED: $1.75bn 8y Sukuk at 6.25%. PRICED: $1.75bn 6.25% 7/7/33 100.00 6.25%.
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The Kingdom of Bahrain, acting through the Ministry of Finance and National Economy, rated B+ (negative) by S&P and B+ (negative) by Fitch, has mandated Citi, First Abu Dhabi Bank, HSBC, JP Morgan and National Bank of Bahrain as Joint Global Coordinators to arrange a series of virtual fixed income investor calls commencing on Tuesday 29th April 2025. A pre-recorded Investor Presentation with voice-over will be made available on NetRoadshow. HSBC is coordinating logistics.A RegS / 144A benchmark size dual tranche US$-denominated fixed rate transaction consisting of an 8-year Sukuk pursuant to Bahrain's Trust Certificate Issuance Programme (“Sukuk”) and a 12-year Bond pursuant to Bahrain’s Global Medium Term Note Programme (“Bond”) will follow, subject to market conditions.Together with the Global Coordinators, Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, KFH Capital and KIB Invest are mandated as Joint Bookrunners on the Sukuk tranche. Additionally, together with the Global Coordinators, Bank ABC and Emirates NBD Capital are mandated as Joint Bookrunners on the Bond tranche.FCA / ICMA stabilisation applies.