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GIB prices $500m bond at tight end, achieves $1.8bn book

Gulf International Bank (A3/BBB+/A) priced a $500m five year bond on Tuesday at 165bp over mid-swaps with a 2.375% coupon, the tight end of guidance. The deal was smaller than the $750m to $1bn maximum size predicted by investors but inside the price range that they had anticipated.

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