DUBAI: Gulf International Bank (GIB) has picked six banks to arrange investor meetings ahead of a potential benchmark-sized, dollar-denominated bond, lead arrangers said.
Roadshows kick off on Nov. 28 in the UAE, before meetings in Singapore and Hong Kong, and conclude on Dec. 3 in London.
Any bond following investor meetings will be issued under the bank’s recently-updated $ 4 billion euro medium term notes program, the arrangers said.
Proceeds from any potential debt issue would be used for general corporate purposes.
Benchmark-sized deals are typically at least $500 million in size.
Bahrain-based GIB has picked itself, as well as JP Morgan Chase Inc, National Bank of Abu Dhabi, Barclays Plc, Standard Chartered Plc and Societe Generale to arrange the deal.
Reuters reported the mandated banks earlier this month.
Earlier this year, GIB conducted investor meetings in Malaysia for a possible Islamic bond, or sukuk, under a 3.5 billion ringgit program but no issue has yet materialized.
GIB picks banks for possible dollar bond
GIB picks banks for possible dollar bond
