VOL. XXXII

NO. 24

20-MARCH-1989

Financial and Banking News

LOANS AND ISSUES

GIB Wins $500mn Omani Mandate

The Bahrain-based Gulf International Bank (GIB) has been awarded twoimportant mandates to raise funds on the euromarket for Oman and Iraq. The Omaniloan, for $500mn, is the first eurocredit raised by that country since May 1986.GIB has traditionally played a leading role in all of Oman's syndicatedborrowing in the past, and on the present loan it is sharing the mandate withChase Investment Bank...