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Bahrain returns with taps, sets talk for five-, 10-year dollar notes
By Christine Van Dusen
Atlanta, Feb. 23 – Bahrain on Tuesday reopened taps of its dollar-denominated notes due in 2021 and 2026 and set price talk after canceling the deal last week, a market source said.
The tap of the 5 7/8% notes due Jan. 26, 2021 was talked at a yield of 5.95%.
The tap of the 7% notes due Jan. 26, 2026 was talked at 7.65%.
Bank ABC, BNP Paribas, Citigroup, HSBC and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.
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