VOL. XXXI

NO. 22

7-MARCH-1988

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%.

GIB,...