Bahrain will add to efforts by the Arab Gulf states to create an active regional bond market by raising more than $1bn in a debt sale in local currency and US dollars, the central bank said Tuesday. Abu Dhabi and Qatar have already sold $6bn worth of bonds between them in the past month but are expected to issue more and at longer maturities, as are Kuwait and the UAE’s Dubai.

This entry was posted by Gwen Robinson on Wednesday, April 15th, 2009 at 3:21 and is filed under Capital markets. Tagged with Bahrain. Edit this entry.