Gulf International to issue SR2bn note

April 22, 2014 9:36 am

Bahrain-headquartered Gulf International Bank (GIB) plans to issue a SR2bn ($545m) floating rate notes in Saudi Arabia with a lifespan of five years through a private placement, Reuters has reported. The bank mandated its own investment banking arm, GIB Capital, as well as those of National Commercial Bank, Samba Financial Group and Banque Saudi Fransi to act as joint lead managers and joint bookrunners.