Financial and Banking News

LOANS AND ISSUES

GIB Issues Europaper 

Gulf International Bank (GIB) last week announced a $250mn uncommitted issue of commercial paper - the first by an Arab bank. The GIB program was arranged by Citicorp Investment Bank (CIBL), with Citibank acting as issuing and paying agent.

Dealers are CIBL, Credit Suisse First Boston (CSFB) and Merrill Lynch Capital Markets, with GIB itself acting as the exclusive dealer for the GCC markets.