Financial and Banking News
LOANS AND ISSUES
GIB Mandated for Turkish and Greek Deals
The Bahrain-based Gulf International Bank (GIB) has been mandated as a leadmanager for loans to major Turkish and Greek borrowers. It is the only Arab bankamong six lead managers for a $100mn, three-year credit for the Central Bank ofTurkey. The loan includes a one-year call option denominated in DM, and carriesa spread of 1.25% over Libor with participation fees of up to 1.25%.