Hot Topics – 28 March 2018
The Kingdom of Bahrain is in the market with its first deal of 2018, a 7.5 year sukuk transaction. Given the country’s budget deficit, recent ratings downgrades, etc, this sukuk deal is one that needs to succeed. Furthermore, given the magnitude of the country’s funding requirements, we don’t see today’s deal as being the Kingdom’s only transaction for 2018 and hence expect further issuance during the year. Watch this space….
Rakesh Sahu – Analyst, Market Insights & Strategy
Chavan Bhogaita, MD & Head of Market Insights & Strategy