THE National Bank of Bahrain (NBB) acted as joint lead manager and bookrunner in the kingdom’s successful $1 billion 10-year international bond issuance.
The bank’s involvement reinforces its role and contribution as a trusted financial partner in the country’s most strategically important capital markets transactions over the years.
Despite ongoing volatility in global financial markets, the issuance was successfully priced at a final yield of 7.125 per cent, tightening from initial price guidance of 7.50pc on the back of a robust orderbook that peaked over $3.2bn; representing a strong outcome in the context of prevailing market conditions and marking another landmark transaction by the kingdom.
The offering attracted strong engagement from the investment community, underscoring sustained confidence in Bahrain’s economic outlook and resilience.
Commenting on the occasion, NBB Group chief executive officer Usman Ahmed said: “Through this $1bn issue, Bahrain has led the re-opening of international debt markets since the start of the regional conflict. The strong oversubscription achieved against an unprecedented market backdrop demonstrates the continued confidence of global and regional investors in Bahrain’s medium-long term economic vision and policies. NBB is proud to have played a leading role in the transaction.”
NBB Group chief executive officer for markets and client solutions Husain Almohri added: “NBB’s appointment on this transaction underscores our expertise in executing sophisticated capital markets mandates, as well as our strong track record in supporting the kingdom across complex and strategically significant funding initiatives.
“The successful pricing of the bond reflects Bahrain’s established credibility among global investors, underpinned by the kingdom’s effective leadership, policy direction, financial system, and economic management. It also highlights the strength of the longstanding relationships Bahrain has built with the international investment community.”
The bank remains committed to leveraging its capabilities across debt capital markets, advisory, and investment banking services to support the kingdom’s strategic priorities and facilitate access to global investment opportunities that contribute to sustainable economic growth.
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