Bahrain-based Gulf International Bank (GIB) plans to issue riyal-denominated bonds in a private placement, it said on Sunday.
State-owned GIB said in a statement on its website it has mandated GIB Financial Services and HSBC lead managers and book runners for the bond, the amount of which it did not provide.
It said investor meetings would be held in Riyadh, Jeddah and Al-Khobar.
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