Financial and Banking News


Iraq Mandates GIB for $500mn Eurocredit 

One of the best kept secrets in the euromarkets was blown open last week with the revelation that Gulf International Bank (GIB) has been mandated to raise a $500mn syndicated loan for Iraq's state-owned Rafidain Bank. By the end of the week, although GIB itself remained tight-lipped about the deal, sufficient information had been circulated in the market to be able to assess its likely progress....