Clifford Chance advises on benchmark issuance by Gulf International Bank B.S.C.

The Notes were admitted to trading on the London Stock Exchange. Clifford Chance also advised the Arranger and Dealers in relation to the annual update of GIB's Euro Medium Term Note Programme.

The transaction represents the first issuance in seven years by GIB and the inaugural issuance under its Euro Medium Term Note Programme, which was established in 2010. The transaction was three and a half times oversubscribed, with over 90 accounts participating.

Stuart Ure, Partner at Clifford Chance, commented: "Clifford Chance is delighted to have assisted GIB on its debut benchmark issuance under its EMTN Programme. The success of this trade is a clear sign of the confidence that investors have in the stability, strength and management of the company, together with demonstrating a growing trend for international investors to diversify into growth markets through investments in well-known credits."

The Clifford Chance team was led by capital markets partner Stuart Ure, who was assisted by associates Alekhya Prakash and Brian O'Leary.

Barclays Bank PLC, GIB Capital LLC, J.P. Morgan Securities plc, National Bank of Abu Dhabi P.J.S.C., Société Générale and Standard Chartered Bank acted as Joint Lead Managers in connection with the transaction.

Allen & Overy LLP acted as legal advisor to GIB. Zu'bi & Partners advised the Joint Lead Managers on matters of Bahraini law.