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Article: US$ 1.2 billion loan for Gulf International Bank.
- Article from:
- Middle East and North Africa Business Report
- Article date:
- May 12, 2007
CopyrightCOPYRIGHT 2007 Middle East and North Africa Business Report. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 12--Gulf International Bank B.S.C. (GIB) announced that Friday in London it signed a new syndicated term loan facility for US$1,200,000,000.
The facility was launched into syndication on 2nd April, 2007 for an amount of USD1 billion. The facility was extremely well received by the market and was oversubscribed to an amount of USD1.46 billion.
The facility was fully-underwritten and arranged by the following Initial Mandated Lead Arrangers: ABN Amro Bank N.V., Arab Bank plc, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Capital (the investment banking division of Barclays Bank PLC), Bayerische Landesbank, BNP Paribas, CALYON, Commerzbank ...