Middle East Economic Survey
GIB Raises $530Mn In Saudi-Denominated Bond
Bahrains Gulf International Bank (GIB) announced on 9 November the successful closure of its Saudi riyal-denominated bond issue, which was launched in Saudi Arabia last week through the banks Riyadh branch. Book building started on 4 November in order to determine pricing, size, and maturity of the bond (MEES, 9 November). The final bond issue size is SR2bn ($533mn), higher than the initial...