Batelco issues tender to repurchase notes at Dublin market
The Bahrain All-Share Index slipped by 0.11 per cent to 1,354.95 on Wednesday, March 26. Bahrain Telecom (Batelco) soared 3.13 per cent to BD0.33. Earlier in the day, Batelco said it sent a notice to the Irish Stock Exchange it was inviting holders of $650 million notes with a 4.25 per cent coupon due 2020 to submit offers to sell their notes back to Batelco. Citigroup and Standard Chartered Bank have been appointed dealer managers.