Jul 17 2012
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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.
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
(END) Dow Jones Newswires
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