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Bahrain draws over $7.8bln demand for sukuk and bonds

Bahrain tightened guidance for its sale of U.S. dollar-denominated sukuk, or Islamic bonds, and conventional bonds after it drew combined orders of over $7.8 billion for the debt sale, a bank document on the sale showed on Thursday.

Guidance was tightened to around 6.5% for the seven-year sukuk and 7.75%-7.875% for the 12-year notes, the document from one of the arranging banks said. Initial guidance was about 6.875% for the sukuk and around 8% for the conventional paper.

Link: https://www.zawya.com/en/markets/fixed-income/bahrain-draws-over-78bln-demand-for-sukuk-and-bonds-he26mngf

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