Bahrain is seeking to raise $1 billion in a sale of bond and has invited banks to bid on arranging the issue, Reuters reports. The Gulf kingdom, a non-OPEC oil producer, may launch the longer-term bond issue towards the end of March.
The responses from the bank are due on Feb. 7, 2011. In March 2010, Bahrain had issued a $1.25 billion 10-year bond, which was heavily oversubscribed.
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