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GIB to issue dollar bond
- Bahrain: Tuesday, November 13 - 2012 at 01:54
Bahrain-based Gulf International Bank (GIB) has mandated banks to arrange a dollar-denominated bond, planned before the end of the month, Reuters has reported, citing four sources familiar with the matter. GIB, majority-owned by the Saudi government, has picked itself, as well as JP Morgan Chase, National Bank of Abu Dhabi, Barclays, Standard Chartered and Societe Generale to arrange the deal, the sources said. The bank had said in September that proceeds from any potential debt issue would be used for general corporate purposes.
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