IFLR1000

Kingdom of Bahrain $1.5 billion dual tranche sovereign bond issue

1/11/2015
Investment grade bond/note issue, Sovereign bond issue
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$ 1.5 billion

Completed

1/11/2015

Overview:

  • The Kingdom of Bahrain has undertaken a $1.5 billion dual tranche sovereign bond issue.
  • The issue consists of $700 million 5.875% notes due 2021 and $800 million 7.000% notes due 2026.
  • The notes are being offered on the Irish Stock Exchange and under Rule 144A/Reg S.
  • Arab Banking Corporation, BNP Paribas, Citigroup Global Markets, HSBC and JPMorgan Securities acted as joint lead managers.

Sam Duke - Editor

Jurisdictions:

Ireland
Bahrain
United Arab Emirates

Deal types:

Investment grade bond/note issue
Sovereign bond issue

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
United States

Industry sector:

Government and public policy

Firms:
Allen & Overy

Party: Arab Banking Corporation (Joint lead manager)

Party: BNP Paribas (Joint lead manager)

Party: Citigroup (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: JPMorgan Chase (Joint lead manager)

Lawyers: Anzal Mohammed, Sachin Dave

Baker McKenzie

Party: Kingdom of Bahrain (Issuer)

Lawyer: Ian Siddell

Hassan Radhi & Associates

Party: Arab Banking Corporation (Joint lead manager)

Party: BNP Paribas (Joint lead manager)

Party: Citigroup (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: JPMorgan Chase (Joint lead manager)

Zu'bi & Partners Attorneys & Legal Consultants

Party: Kingdom of Bahrain (Issuer)

Lawyer: Naveen Thakur

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