Junk-Rated Bahrain to Brave Markets with Dollar Bond Issues
Bahrain has hired banks for a potential dual-tranche dollar bond issue, banking sources said, as the junk-rated Gulf oil producer seeks to raise cash amid the new coronavirus outbreak and historically low oil prices.
Bahrain Sells $2 bln in Dual-Tranche Bonds with over $11 bln Demand : Document
Bahrain sold $2 billion in a dual-tranche bond issuance comprising 4-1/2-year sukuk, or Islamic bonds, and 10-year conventional bonds, a document showed on Thursday.
Bailed-out Bahrain may Need more Gulf Support as soon as this Year
Bahrain may need more financial aid from fellow Gulf Arab states as soon as this year but its wealthier neighbours could themselves be hamstrung by low oil prices and the economic impact of the new coronavirus, bankers and analysts said.
What Does it Mean that Bahrain Pays Debt with Debt?
Last month, Bahrain borrowed $1.25 billion (BD470 million) to pay bonds due by the end of March.
Bahrain Asks Gulf States to Move Closer Date for Planned Aid Package
Sources in the Ministry of Finance and National Economy said that Bahrain has asked the Gulf States to move closer date for planned aid package as part of the financial balance program.
Bahrain Raised $1 billion Loan to Repay Bond Last Month: Sources
Bahrain secured a loan of about $1 billion to repay a bond that was due at the end of March, three sources familiar with the matter said, after the Gulf state suspended plans to issue international debt due to bad market conditions.
Public Fundraising Campaign Launched in Bahrain to Ease Country's Financial Burden
Bahrain has launched a public fundraising campaign to help ease pressure on the finances of the country, which is facing increasing difficulties with slow production and ongoing drop in oil prices.
Bahrain Pays back $1.25bln in Bonds
Bahrain has paid back $1.25 billion in bonds that matured on March 31, the Ministry of Finance and National Economy said on Wednesday.
Bahrain in Talks for $1 billion Loan after Bond Plans Suspended
Bahrain is in talks with banks for a loan of about $1 billion after the Gulf state's plans to issue international bonds were suspended due to bad market conditions, sources told Reuters.
Finance Ministry Announces Inaccurate Numbers Again, Deficit Larger in Reality
Doubts have been raised about the data that the Finance Ministry released regarding the past year and claiming that financial balance has been reached. Did the Ministry present inaccurate information on the deficit after the announced false data on the public debt?
2019 Roundup: Gov’t Obtains One Billion, 100 Million from Citizens’ Pockets
2019 ended with more financial complications for Bahrain. There was no more room for the financial balance lie. The state hadn’t actually benefited from the retirement of thousands of its employees under the voluntary retirement program.
IIF Says Bahrain at Risk after Public Debt Exceeded GDP
Institute of International Finance (IIF) said that a number of Arab countries, including Bahrain, are at risk after their public debt exceeded the Gross Domestic Product.
2019 Roundup: Public Debt Hits Highest Level in Bahrain’s History
Bahrain's public debt has set a new record surpassing the 13 billion dinar ceiling, despite a Gulf-backed structural plan which aims at achieving a balance between revenues and expenses.
Bahrain Spent $4 Million on Unrenowned Int’l Award: Good Luck with Financial Balance Program
Bahrain has spent $4 million on an international prize which no one knows anything about. This figure includes the total amount awarded by the "Isa Award for Service to Humanity" to 4 winners in four sessions since its launch.
Public Debt Increases $2 Billion within Month: Official Statistics
Public debt in September increased by 752 million dinars (US$2 billion), reaching 12.045 billion dinars, according to the latest statistics issued by the Central Bank of Bahrain. This figure represents about 85% of the kingdom's GDP.
Public Debt Reaches 106%: Why is Finance Ministry Hiding these Numbers?
Why doesn't the Finance Ministry present transparent data on the public debt? Why did it reveal a number less than the actual one last year? How did the government exceed the legal debt ceiling? What are the independent companies that don't add their debts to the general balance? Is there actually any independent company?
Gov't Companies Directly Borrowed from External Funds, Didn't Include their Debts in Public Debt
National Audit Office report said that the Finance Ministry and some government parties and companies directly borrowed from external funds without including their debts in the public balance registered in the Ministry of Finance and the National Economy.
Results Completely Contrary to Finance Minister Statements... Public Debt Exceeds BD12 Billion for the first time
Has Bahrain lost control of its public debt? The sharp rise in government debt can't be attributed only to the fall in oil prices, but also to several other factors, most notably the political turmoil and failure of the government's economic policies.
Bahrain Making Good Progress on Fiscal Balance Plan -Finance Minister
Bahrain is making good progress on its fiscal consolidation plan and is on track to eliminate its deficit by 2022 as planned, Finance Minister Sheikh Salman bin Khalifa Al Khalifa said on Saturday.
Bahrain Raises $2 billion with First Dollar Bond Issue since Bailout
Bahrain raised $2 billion with its first issue of U.S. dollar bonds since it obtained a $10 billion bailout from its Gulf allies last year to avert a credit crunch.