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Jul 17 2012

Bahrain BBK Buys $100M Sovereign Bonds; Eyes Gulf Bonds-Report

Tuesday, Jul 17, 2012

BEIRUT (Zawya Dow Jones)-- Bank of Bahrain and Kuwait, or BBK , is looking for opportunities to buy bonds, especially Gulf bonds, on the capital markets, Manama-based Al Wasat daily reports Tuesday citing an executive.

BBK has purchased $100 million worth of sovereign bonds launched by the country's central bank last month, Abdulkarim Bucheery, the bank's chief executive, told the paper.

BBK bought bonds worth $25 million on the main market and the remaining $75 million on the secondary market, he told Al Wasat.

Newspaper website: http://www.alwasatnews.com/3601/news/read/688513/1.html

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

17-07-12 0651GMT


© Copyright Zawya. All Rights Reserved.


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