Bahrain

Bahrain has picked banks for investor meetings ahead of a dollar bond deal and starts investor meetings this week.

Bahrain’s Bank ABC has hired two bankers as it expands its syndication business.

Bahrain is planning a dual tranche international bond deal, according to bankers that have seen the Kingdom’s request for proposals (RFP).

Bahrain began a roadshow this week to gauge demand for a conventional dollar deal. Analysts expect its borrowing needs to rise sharply in order to stem a growing fiscal deficit, but this worrying trend could also turn some investors away.