Published on 1/19/2017 in the Prospect News Emerging Markets Daily.
New Issue: Gulf International Bank sells $500 million 3˝% notes due 2022 at mid-swaps plus 170 bps
By Christine Van Dusen
Atlanta, Jan. 19 – Bahrain’s Gulf International Bank BSC sold $500 million 3˝% notes due 2022 at 99.461 to yield 3.616%, or mid-swaps plus 170 basis points, a market source said.
JPMorgan, GIB Capital, Citigroup, HSBC, Mizuho Securities, National Bank of Abu Dhabi and Standard Chartered Bank were the bookrunners for the Regulation S deal.
| Issuer: | Gulf International Bank BSC
|
| Amount: | $500 million
|
| Maturity: | 2022
|
| Description: | Senior notes
|
| Bookrunners: | JPMorgan, GIB Capital, Citigroup, HSBC, Mizuho Securities, National Bank of Abu Dhabi, Standard Chartered Bank
|
| Coupon: | 3˝%
|
| Price: | 99.461
|
| Yield: | 3.616%
|
| Spread: | Mid-swaps plus 170 bps
|
| Trade date: | Jan. 18
|
| Distribution: | Regulation S
|
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