Fitch 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
Gulf 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
Gulf 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
Kuwait-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
Gulf 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.
Bahrain-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
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.
Kuwait-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
Kuwait-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
Gulf 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