New Issue: Bahrain’s CBB unit issues $350 million 6˝% sukuk due 2028 at par

Chicago, Oct. 14 – Bahrain, acting through the Ministry of Finance and National Economy, issued a $350 million 6˝% series 6 senior sukuk due April 13, 2028 (B+/B+) at par with CBB International Sukuk Programme Co. WLL as issuer, according to a term sheet.

National Bank of Bahrain BSC and Sharjah Islamic Bank PJSC were managers for the sale.

Proceeds will be used for general budgetary purposes, according to the base prospectus.

Issuer:	CBB International Sukuk Programme Co. WLL
Issue:	Series 6 senior sukuk
Amount:	$350 million
Maturity:	April 13, 2028
Managers:	National Bank of Bahrain BSC and Sharjah Islamic Bank PJSC
Counsel to issuer:	Dechert LLP, Zu’bi & Partners
Counsel to bookrunners:	Allen & Overy LLP, Hassan Radhi & Associates
Coupon:	6˝%
Price:	Par
Yield:	6˝%
Settlement date:	Oct. 13
Ratings:	S&P: B+
	Fitch: B+
Distribution:	Regulation S
ISIN:	XS2546355616

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