By Christine Van Dusen
Atlanta, Oct. 16 - Kuwait's Gulf Investment Corp. printed a CHF 285 million issue of 2¾% notes due Nov. 16, 2015 (Baa2//BBB) at 99.702 to yield 2.855%, or mid-swaps plus 275 basis points, a market source said.
The notes priced in line with talk, which was set at the mid-swaps plus 275 bps area.
BNP Paribas and RBS were the bookrunners for the deal.
Gulf Investment is a Kuwait-based financial services company.
| Issuer: | Gulf Investment Corp.
|
| Amount: | CHF 285 million
|
| Maturity: | Nov. 16, 2015
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, RBS
|
| Coupon: | 2¾%
|
| Price: | 99.702
|
| Yield: | 2.855%
|
| Spread: | Mid-swaps plus 275 bps
|
| Trade date: | Oct. 16
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB
|
| Price talk: | Mid-swaps plus 275 bps area
|
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