From Maktoob.com: Bahrain-based Gulf International Bank (GIB) has raised 1.5 to 2 billion Saudi riyals in ($400-$533.3 million) a three-year private bond issue priced at 127.5 basis points over the Saudi interbank offered rate (Sibor) and plans further issues, an executive said.

Antoine Dijkstra, GIB’s chief investment and treasury officer told Reuters late on Sunday the issue has attracted an order book of just over 5 billion riyals, with the final amount to be decided on Monday depending on the exact allocation of the issue to investors………………………….Full Article: Source