Middle East Economic Survey
VOL. XLVII
No 46
15-November-2004
CAPITAL MARKETS
GIC $500Mn Bond Issue Oversubscribed
Gulf Investment Corps (GIC) launch of a $500mn euro floating rate note, which is part of a $1bn total euro medium-term note (EMT) program (MEES, 8 November) was oversubscribed with orders totaling $850mn, MEES understands. The bond, which was joint lead managed by Bank of America and HSBC, saw pricing of 55 bps over seven month Libor. The bond, which was launched on 11 November,...
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