Gulf / GCC — Sovereign

Sovereign issuers from the GCC (Saudi Arabia, UAE, Qatar, etc.).

Gulf sovereign debt continues to offer USDdenominated yields that compensate investors for the region's credit risk. This screen is entirely Kingdom of Bahrain government paper, all rated B, so the case rests on income and relative value rather than credit quality alone. The 6.5% April 2028 notes stand out with a 10.77% yieldtoworst at a 94.51 price, the highest on the list and a shortduration option for investors seeking maximum carry with limited rate sensitivity. Longer maturities offer steeper pickup. The 7.5% 2047 yields 8.52%, and the 6.25% 2051 yields 8.33%, providing meaningful income for investors comfortable with greater duration exposure. Midcurve names such as the 7.5% February 2036 at 8.14% and the 7.5% July 2037 at 8.23% trade close to par. They combine moderate duration with yields in the low8% range, making them useful reference points for comparing sovereign spreads across the curve.

Results are limited to USD bonds with an amount outstanding of at least USD 200MM.