Bahrain to issue $145m bond at 2.75pct fixed rate

Bahrain plans to issue a two-year 55 million dinars ($145.9 million) bond paying an interest of 2.75 per cent, the Central Bank of Bahrain (CBB) said on Monday.

It said the bond, to be issued on Thursday, is designed to offer local banks an additional investment option. In September, Bahrain auctioned a three-year 165m dinars Islamic bond, or sukuk, at a fixed rate of 3.75 per cent.