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Bahrain pulls the curtain down on Middle-Eastern Sovereign issuance in 2024

28 Nov 2024

The trade began with IPTs at 6.25% area before tightening to 5.875/6.00% at guidance - the deal later priced at the tight end of guidance at 5.875%, coming in 37.5bp from IPTs. The pricing level is roughly in line with fair value, given

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