DUBAI - Bahrain has hired BNP Paribas, Citi, Gulf International Bank, National Bank of Bahrain and Standard Chartered to arrange a series of fixed income investor meetings ahead of a potential multi-tranche dollar bond issue, a document from one of the banks showed on Thursday.
The kingdom, rated B+ by S&P and BB- by Fitch, is targeting a seven-year sukuk, a 12-year conventional bond and/or a 30-year conventional bond.
Government representatives will meet investors in Asia, Britain, the Middle East and the U.S. starting from March 23. A transaction will follow, subject to market conditions.
(Reporting by Davide Barbuscia Editing by Mark Potter) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: email@example.com))