Batelco Group’s Bond Issue

Shaikh Mohamed bin Isa Al-Khalifa, CEO of Batelco Group, discusses the bond issue that should finance the new acquisition of the Cable & Wireless (CWC).

He explains: “The bond issue is a very important step for us. First of all, our balance sheet has virtually no leverage on it and we wanted to efficiently use our balance sheet in order to raise funding for the acquisition of the CWC . Therefore, we always keep in mind that in order for us to maintain the same level of rating by the rating agencies we should always limit how much borrowing we do within the market.”

His final hopes are the the Batelco Group becomes a reputed high investment grade company recognized within the international financial markets that would enable and facilitate any future attempts to raise financing.