|01 April, 2020

Bahrain pays back $1.25bln in bonds - statement

Bahrain has paid back $1.25bln in bonds that matured on March 31

A Central Bank of Bahrain official shows new Bahraini Dinar notes on the first day of its release in Bahraini capital of Manama March 17, 2008.

A Central Bank of Bahrain official shows new Bahraini Dinar notes on the first day of its release in Bahraini capital of Manama March 17, 2008.

REUTERS/Hamad I Mohammed

DUBAI- Bahrain has paid back $1.25 billion in bonds that matured on March 31, the Ministry of Finance and National Economy said on Wednesday.

Bahrain was bailed out with a $10 billion financial aid package by some of its wealthier regional allies in 2018 as the small Gulf state was headed towards a credit crunch.

(Reporting by Davide Barbuscia; Editing by Alex Richardson) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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