Bahrain’s GIB raises $500m, 3-year facility

Bahrain’s Gulf International Bank has raised a $500 million (Dh1.8 billion) threeyear financing facility which will be used to refinance an existing term facility and for general funding purposes, the bank said yesterday.

The facility was raised from First Abu Dhabi Bank, HSBC Bank Middle East Ltd, Natixis, Riyad Bank, Mizuho Bank Ltd, Samba Financial Group, State Bank of India Bahrain, Citibank and Woori Bank. First Abu Dhabi Bank and HSBC Bank Middle East Ltd are mandated lead arrangers and bookrunners, it said in a statement. (Reuters)