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Gulf International Bank pulls benchmark offering of five-year notes
By Rebecca Melvin
New York, Oct. 5 – Bahrain’s Gulf International Bank BSC has decided to postpone its planned offering of U.S. dollar-denominated five-year notes, according to a market source on Friday.
The company has announced the deal on Sept. 27.
GIB Capital was acting as global coordinator, and Citigroup, First Abu Dhabi Bank, GIB Capital, HSBC, JPMorgan, and Mizuho were among the bookrunners.
The fixed income investor meetings were held in London on Oct. 1.
Gulf International was last in the international bond market for $500 million of 3˝% notes due 2022 that priced in January 2017.
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