Bahrain is marketing a 7.5%-yielding 10-year dollar bond hours after Iranian missile attacks, marking the first Gulf sovereign debt deal since the U.S.-Iran war began. The $5.4 billion issuance, managed by ABU DHABI COMMERCIAL BANK and CITIGROUP, will gauge investor appetite for Middle East debt despite regional instability. The senior unsecured bond’s pricing, expected later Wednesday, arrives as Gulf states avoid public markets, favoring private deals amid conflict. Goldman Sachs estimates Bahrain’s non-oil revenues fell 11%, while HSBC projects a 4% economic contraction this year.