trending Market Intelligence /marketintelligence/en/news-insights/trending/lfbduhqmkzxhxp3pbffsrw2 content esgSubNav
In This List

Gulf International Bank cancels bond issue due to market conditions

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Gulf International Bank cancels bond issue due to market conditions

Bahrain-based Gulf International Bank BSC said it canceled a planned U.S. dollar bond issuance due to market conditions, Reuters reported.

Although there had been demand for the issuance, the bank told the news agency that investors saw the decision to cancel it as an "understandable" decision.

GIB Capital, Citigroup, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho and Natixis were hired by the bank to arrange a series of fixed-income investor meetings, ahead of a potential five-year bond sale.