LONDON, Nov 17 (IFR) – The Kingdom of Bahrain has begun
marketing a dual-tranche US dollar-denominated benchmark-sized
bond, according to a source.

The issuer is seeking to sell a January 2021 bond at a yield
in the high 5% region, and a January 2026 bond at 7% area.

Bank ABC, BNP Paribas, Citigroup, HSBC and JP Morgan are
running the 144A/Reg S transaction, which is expected to be as
early as Tuesday’s business.

Bahrain is rated BBB- by Standard Poor’s and Fitch.

(Reporting by Michael Turner; editing by Alex Chambers)