GIB Signs $300Mn Syndicated Term Loan
Gulf International Bank (GIB) signed on 20 November a five-year term loan worth $300mn. The syndication, originally put at $200mn, was oversubscribed, causing the loan to be increased by $100mn. The loan carries an interest rate of 0.425 over Libor. Fees were not disclosed. GIB is owned by the Gulf Investment Corporation of Kuwait, which is owned equally by the governments of Saudi Arabia, Bahrain, Kuwait,...