Pair add to swelling Gulf FIG supply

By Mariam Meskin
15 Sep 2020

Two Gulf bank issuers — Qatar National Bank and Gulf International Bank — hit bond markets on Tuesday to raise dollar funds, following what has been a busy period for Middle Eastern issuers. With investor appetite remains ravenous and market conditions healthy, there is scope for further issuance.

Gulf International Bank, rated Baa1/BBB+ by Moody’s and Fitch, which is majority-owned by the government of Saudi Arabia, was holding investor calls on Tuesday for a benchmark bond. 

The Reg S dollar senior unsecured bond will have a tenor of five years. It will be printed from the ...

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