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Fitch affirms GIC rating with stable outlookFitch Ratings has affirmed Gulf Investment Corporation's (GIC) long-term Issuer Default Rating (IDR) at 'BBB' with a stable outlook, a report said. Fitch has also upgraded the Viability Rating (VR) to 'bb' from More… |
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Gulf Investment Corp prices $500m bondGulf Investment Corp, a financial institution owned by the six nations of the Gulf Cooperation Council, has priced a $500 million five-year bond, its first dollar deal since 2005. GIC's transaction priced at 250 basis points o More… |
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GIC plans to price 5-year bondGulf Investment Corporation (GIC), a financial institution owned by the six GCC nations, is aiming to price a benchmark-sized bond with a five-year tenor before the end of this week, lead arrangers said yesterday. The firm release More… |
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GIC picks banks for roadshow, bond may followKuwait-based Gulf Investment Corporation (GIC), GCC-owned financial services firm, has mandated two banks to arrange roadshows which may lead to a Swiss franc bond, two sources said. Kuwait-based GIC picked BNP Paribas and Royal B More… |
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Bond achieves 'good' returnsGulf Investment Corporation (GIC), Gulf Bond Fund has continued its performance with a 5.43 percent return for 2011 despite global economic challenges and regional uncertainty, adding a solid seventh year to its track record. More… |
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Bahrain Foulath seals Saudi acquisition dealBahrain-based Gulf United Steel Holding Company (Foulath), a global steel investment vehicle, said its subsidiary United Steel Company (SULB) has successfully completed the acquisition of a steel company in Saudi. SULB, a steel manufacturi More… |
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GIC fund’s H1 performance ‘consistent’Gulf Investment Corporation (GIC) said that its fixed income fund Gulf Bond Fund has achieved a year-to-date return of 3.29 per cent, showing consistent performance in the first half of this year as against the same period of 2010. “The fu More… |
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Gulf Investment Corp profit jumps 66pcKuwait-based Gulf Investment Corporation (GIC) said its full year net profit for 2010 surged 66 per cent to $151 million when compared to $91 million the previous year. A leading financial institution, GIC was established in 1983 by the GC More… |
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GIC raises $197m in Malaysia bond saleKuwait-based Gulf Investment Corporation (GIC) said it has successfully raised MR600 million ($197 million), through a five-year fixed rate bond issue in Malaysia. GIC, a leading regional financial institution owned by the six Gulf member More… |
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GIC repays $500m maturing debtGulf Investment Corporation (GIC) announced that it has repaid in full $500 million of Euro Medium Term Notes (EMTN) maturing on June 22. The planned repayment of the maturing notes was made from cash that had been accumulated in order for More… |
