Commentary & Deal Flow

The Kingdom of Bahrain, acting through the Ministry of Finance and National Economy, rated B (stable) by S&P and B+ (negative) by Fitch, has mandated BNP PARIBAS, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, J.P. Morgan, Mashreq and National Bank of Bahrain as Joint Lead Managers and Joint Bookrunners to arrange a series of fixed income investor calls. A pre-recorded Investor Presentation with voice-over will be made available on NetRoadshow.

A RegS / 144A US$-denominated benchmark size fixed rate transaction consisting of a Long 8-year sukuk pursuant to Bahrain’s Trust Certificate Issuance Programme and a 12-year bond pursuant to Bahrain’s Global Medium Term Note Programme will follow, subject to market conditions. FCA / ICMA stabilisation applies.

EEA MiFID II / UK MiFIR professionals/ECPs-only – Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels).