New Issue: Bahrain prices $600 million tap of 7% notes due 2028 to yield 6.65%

By Christine Van Dusen

Atlanta, Feb. 21 – Bahrain priced a $600 million tap of its 7% notes due Oct. 12, 2028 at 102.793 to yield 6.65% on Tuesday, a syndicate source said.

Bank ABC, BNP Paribas, Credit Suisse, JPMorgan and Standard Chartered were the bookrunners for the Rule 144A and Regulation S deal.

The original $1 billion priced in October at par.

Issuer:	Bahrain
Amount:	$600 million
Maturity:	Oct. 12, 2028
Description:	Notes
Bookrunners:	Bank ABC, BNP Paribas, Credit Suisse, JPMorgan, Standard Chartered
Coupon:	7%
Price:	102.793
Yield:	6.65%
Trade date:	Feb. 21
Settlement date:	Feb. 28
Distribution:	Rule 144A and Regulation S
Original issue:	$1 billion priced at par in October

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