Bahrain's $1.5 B Bond Issue is Oversubscribed Signaling Strong Investor Confidence
MANAMA, Bahrain, July 18, 2012 /PRNewswire-USNewswire/ -- Global investor confidence in Bahrain is boosted by the success of a recent $1.5 B bond issue. The first conventional bond issue in two years was oversubscribed by 400 percent by investors from the United States, Asia and Europe.
In a round table discussion of the Bahrain Association of Banks (BAB) at the Diplomat Radisson Blu Hotel, Residence and Spa, Richard Harris, advisor to the Central Bank of Bahrain, commented, "Oversubscription is a continuing sign of investor confidence in the region and Bahrain as a sovereign issuer," according to Trade Arabia. He also confirmed that Bahrain's credit rating is expected to see lasting stability without further downgrades, which were a result of past instability.
Bahrain has been a long-standing regional and global banking and finance hub boasting state-of-the-art infrastructure and capabilities.
SOURCE Kingdom of Bahrain
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