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Gulf International Bank issues $500M bond

Bahrain-based Gulf International Bank BSC issued a $500 million bond, Cbonds reported Jan. 19.

The notes carry a coupon of 3.5% and mature March 25, 2022. The initial issue price was 99.461.

Citigroup, Gulf International Bank, HSBC, JP Morgan, Mizuho Financial Group, National Bank of Abu Dhabi and Standard Chartered Bank served as book runners on the deal.