Bahrain sells $2 billion in sukuk and bonds

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Wed, 2020-09-09 22:33

DUBAI: Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk, or Islamic bonds, and a 12-year conventional tranche.
The small oil producer, which averted a credit crunch in 2018 with a $10 billion aid package from its Gulf neighbors, raised $2 billion in May to bolster finances battered by low oil prices and the coronavirus crisis.

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