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...
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