Bahrain’s CBB International unit plans 4.5-year senior sukuk

By Sarah Lizee

Olympia, Wash., May 7 – Bahrain, acting through the Ministry of Finance and National Economy, plans to sell a 4.5-year senior sukuk with CBB International Sukuk Programme Co. SPC as issuer., according to a stabilization notice.

J.P. Morgan Securities plc is the stabilization coordinator.

Stabilization managers include Bank ABC, Gulf International Bank, HSBC, National Bank of Bahrain and Standard Chartered Bank.

The stabilization period began on Thursday and is expected to end on June 7.

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