Bahrain's Gulf Financial sets size of five-year floaters at $1 billion

By Aaron Hochman-Zimmerman

New York, July 9 - Gulf Financial House fixed an amount of $1 billion for its planned sale of five-year floating-rate notes (BBB-), according to a source close to the deal.

Talk has already bern set in the area of Libor plus 125 basis points.

Dresdner Kleinwort and HSBC will act as bookrunners.

Gulf Financial is a Manama, Bahrain-based investment bank.

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