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GIC issues 5-year 400m euros floating note
KUWAIT — Kuwait-based Gulf Investment Corp (GIC) yesterday said it had issued a five-year 400 million euros ($510.6 million) senior floating rate note, the largest euro-denominated paper originating from the Gulf Arab region.
The issue is the third tranche of GIC's $2.5 billion euro medium term note (EMTN) programme. The deal was priced after European, Asian and Gulf road shows at 35 basis points above the Euribor reference rate, GIC officials told a news conference.
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