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Bahrain raises $1bln in 10-year USD bond; demand exceeds $3bln
Bahrain has raised $1 billion through a 10-year USD bond, attracting strong investor demand that pushed order books above $3.2 billion. The sovereign priced the issue at a yield of 7.125%, tightening from Initial price thoughts (IPTs) in the 7.50% area. The price tightening shows that investors were willing to…
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