Bahrain plans to issue a $1 billion sovereign bond with a 10-year maturity, the central bank said on Sunday, with a banking source saying the issue will mostly target US investors. "The Bahrain government is issuing around $1 billion in conventional bonds, the yield is market driven and the maturity is 10 years," a spokeswoman for the Central Bank of Bahrain (CBB) said.
"The issue is part of Bahrain's sovereign budget process," she added. A banking source said the planned bond will be a 144a transaction, which is regulated under the US securities commission. The source also said the bond could be issued in March or April.
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