30 Apr 2013
(MENAFN) Batelco Group’s CEO, Shaikh Mohamed bin Isa Al Khalifa, announced that the company’s USD650 million bond offering was successful, reported Gulf Daily News.
The group would use the proceeds to partly finance the recent purchase of Cable & Wireless Communications’ (CWC) Monaco and Islands business units.
Shaikh Mohamed added that the bond issue was priced at a spread of 325 basis points over 7-year US Treasuries, for a yield of 4.342 percent and coupon of 4.250 percent a year.
He said that the launch and the pricing of the bond offering attracted a USD4.8 billion order book across 255 accounts, of which 38 percent was for Middle East investors, 12 percent for Asia, 22 percent for Europe, 27 percent for UK and the remaining 1 percent for other investors.
In terms of investor types, the initial split was 48 percent to asset managers funds, 34 percent to banks, 8 percent to private banks, while 3 percent was to insurance companies and pension funds, 3 percent to hedge funds and 4 percent to other investors.
It is worth noting that the bonds will be listed on the Irish Stock Exchange.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more