DUBAI: Bahrain-based Gulf International Bank has released early price talk for a planned five-year bond at a spread of 165 to 175 basis points over midswaps, arranging banks said on Tuesday.
GIB, majority-owned by the Saudi government, concluded investor meetings on December 3 for a possible benchmark-sized deal, typically at least $500 million.
GIB has picked itself, JP Morgan Chase Inc, National Bank of Abu Dhabi, Barclays Plc, Standard Chartered Plc and Societe Generale, to arrange the deal. (Reuters)
