Bahrain plans bonds to raise $1.16 billion

MANAMA Bahrain plans to raise $1.16 billion by selling dollar and local currency bonds, joining a surge in borrowing from Abu Dhabi and Qatar as emerging-market investors return. The country will start selling $500 million of five-year bonds compliant with Islamic law from May 27, a central bank spokesperson said. Bahrain will also issue three-year debt in local currency to raise a further BD250m.

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