Bahrain is considering selling bonds to raise at least $ 1.5 billion

Bahrain is preparing to enter the international bond markets through an agreement that, according to the well -known people, can collect at least $ 1.5 billion, with the effort to improve its financial conditions in light of the drop in oil prices. People, who asked not to reveal their identity because of the privacy of information, said the government of the Kingdom of Bahrain asked banks to submit proposals to arrange a possible issue, while trying to finance the debt within the next few months. One of the people added that Bahrain may also consider issuing SUKUK compatible with Islamic legislation, pointing out that the discussions are still underway, and that no final decisions have been made on the timing or size of the offer. Representatives of the Bahraini Ministry of Finance did not respond to a request for comment.