VOL. XXXII

NO. 36

12-JUNE-1989

Financial and Banking News

LOANS AND ISSUES

GIB Misses Qatar Loan Mandate

The State of Qatar has ended months of speculation and finally decided toborrow funds on the euromarket, but in the process has placed the Bahrain-basedGulf International Bank (GIB) in an embarrassing position by awarding theentire $200mn mandate to Chase Manhattan. GIB, which is one-seventh owned byQatar, has become accustomed to playing the role of house bank when itsshareholders raise...