VOL. XLV
No 25
24-June-2002
CAPITAL MARKETS
GIB $325Mn Bond Rated BBB+ By Fitch, Standard & Poors
Gulf InternationalBanks (GIB) new $352mn floating rate bond has received a BBB+ rating from internationalrating agencies Fitch and Standard & Poors. The note has a coupon of 45bps over 3-month Libor and a tenor of 5 years and will be listed on theLuxembourg Stock Exchange. The note, which was increased from the originaltarget of $300mn, forms part of the banks standard senior term financing...
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