GIC picks banks for first bond since 2005, pricing under scrutiny

Kuwait-based Gulf Investment Corp will roadshow a dollar Reg S bond via BNP Paribas, Citi, National Bank of Abu Dhabi and Standard Chartered next week. The senior bond will be the Baa2/—/BBB rated financial institution’s first dollar bond since 2005, though it will be printed off a $2.5bn bond programme already in place.