Bahrain hires banks for dollar bonds and sukuk - document

Bahrain is planning to issue 7-1/2-year sukuk, or Islamic bonds, and 12-1/2-year conventional bonds

  
Image used for illustrative purpose. A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015.

Image used for illustrative purpose. A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015.

REUTERS/Gary Cameron

DUBAI - Bahrain has hired a group of banks to arrange calls with fixed income investors ahead of a planned U.S. dollar-denominated debt issuance, a term sheet reviewed by Reuters showed on Tuesday.

The Gulf country is planning to issue 7-1/2-year sukuk, or Islamic bonds, and 12-1/2-year conventional bonds.

It has mandated BNP Paribas, Citi, HSBC, JPMorgan, and National Bank of Bahrain to manage the debt sale.

(Reporting by Yousef Saba, writing by Davide Barbuscia; editing by Christian Schmollinger) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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