Bahrain taps three lead managers for $1 billion of sukuk notes

By Christine Van Dusen

Atlanta, Sept. 26 - Bahrain has mandated Citigroup, BNP Paribas and Standard Chartered for a $1 billion sukuk offering of notes, a market source said.

Proceeds will be used to finance the sovereign's budget deficit.

Issuance is expected to take place in October.

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