VOL. XXXVII

NOS. 13/14

27-DEC-93/3 JAN 94

Financial and Banking News

Regional Banking

BIB Completes $110mn Bond Issue

Bahrain International Bank (BIB) announced on 20 December that it hadsuccessfully raised $110mn of term financing in the US and European bond marketsthrough the issuance of 10-year floating rate notes. The notes, which wereplaced with leading institutional investors from the US, Europe and Asia, werepriced at 99.25 with a coupon of six-month Libor plus 0.875%. BIB arranged an...