VOL. XL No. 185-May-1997


GIB Will Issue $250Mn In FRNs

Taking advantage of its investment grade ratings, Bahrain-based GulfInternational Bank (GIB) said on 30 April that it will launch a debutinternational floating rate note (FRN) issue later this month and that it hasappointed Chase Manhattan as lead-manager for the $200mn five-year offering. GIBhas tapped the international market twice before, in both instances forsyndicated loans, first in 1995 when it raised $300mn over five years at...