New Issue: Bahrain's BBK prices $500 million 4½% notes due 2015 to yield 4.74%

By Christine Van Dusen

Atlanta, Oct. 22 - Bahrain's BBK priced $500 million 4½% notes due Oct. 28, 2015 (A3//A-) at 98.912 to yield 4.74%, or mid-swaps plus 337 basis points, a market source said.

Citigroup, Deutsche Bank and HSBC were the bookrunners for the Regulation S deal, which was talked at mid-swaps plus 337.5 bps.

BBK is a retail lender that is part-owned by the government of Bahrain.

Issuer:	BBK
Amount:	$500 million
Maturity:	Oct. 28, 2015
Description:	Notes
Bookrunners:	Citigroup, Deutsche Bank, HSBC
Coupon:	4½%
Price:	98.912
Yield:	4.74%
Spread:	Mid-swaps plus 337 bps
Trade date:	Oct. 21
Settlement date:	Oct. 28
Ratings:	Moody's: A3
	Fitch: A-
Distribution:	Regulation S
Price talk:	Mid-swaps plus 337.5 bps

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