DUBAI: Gulf Investment Corp, a financial institution owned by the six nations of the Gulf Cooperation Council, will price a benchmark-sized bond with a five-year tenor on Wednesday, a document from lead arrangers said.
Price guidance has been revised to between 250 and 275 basis points over midswaps, the document said. On Tuesday, initial guidance had been issued in the area of mid-to-high 200s bps over the same measure.
Benchmark size is understood to mean at least $500 million.
Gulf Investment Corp concludes investor meetings in London on Tuesday. BNP Paribas, Citigroup, National Bank of Abu Dhabi and Standard Chartered arranged these roadshows. (Reuters)
