Bahrain sells $2bln in sukuk and bonds - document

It gave initial price guidance of around 4.5% for the sukuk and around 5.75% for the conventional bonds

  
Image for illustrative purposes. Central Bank of Bahrain official shows new BD$10 on first day of its release in Manama.

Image for illustrative purposes. Central Bank of Bahrain official shows new BD$10 on first day of its release in Manama.

REUTERS/Hamad I Mohammed

DUBAI- Bahrain sold $2 billion in a dual-tranche bond deal comprising seven-year sukuk and 12-year conventional bonds on Wednesday, its second international debt sale this year, a document showed.

Bahrain sold $1 billion in sukuk at 3.95% and $1 billion in 12-year bonds at 5.45% and received more than $7.6 billion in combined orders for them, the document from one of the banks arranging the deal showed.

(Reporting by Yousef Saba; Editing by Alex Richardson) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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