Bahrain Mirror: The Government of Bahrain canceled a bond offering in the wake of a Standard & Poor's decision to downgrade the nation's sovereign debt by two levels to BB on Wednesday (February 17, 2016).

The Gulf kingdom had planned to raise $750 million by issuing an additional $450 million of an existing 2021 note and another $300 million of a 2026 security. Prices of the outstanding notes erased declines after the announcement. Bank ABC, BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc and JPMorgan Chase & Co. managed the transaction.

Arabic Issue