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GIB raises 2 billion Saudi Riyals

Gulf International Bank’s latest bond issue has met with strong demand as the bank on April 19 successfully priced its senior unsecured SAR2 billion 5-year Floating Rate Notes issuance at a spread of 140 basis points above three-month SAIBOR. The issuance was well oversubscribed, achieving an attractive spread for GIB…

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Source: Gulf International Bank

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