Gulf International Bank (GIB)
GIB successfully closes $300m Sukuk
Sun, 2011-12-18 15:39 — newsdeskBahrain’s Gulf International Bank (GIB) has finished the pricing and closing of its three-year $300m Sukuk through a private placement.
The Sukuk certificates will have a profit rate of six-month US dollar Libor plus 130bps and paid out on a semi-annual basis. The Sukuk will mature on December 7, 2014.
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