Bahrain's Gulf International Bank plans to issue a two billion riyal ($545 million) floating rate notes with a lifespan of five years through a private placement in Saudi Arabia, a prospectus showed on Sunday.
The bank mandated its own investment banking arm, GIB Capital, as well as those of National Commercial Bank, Samba Financial Group and Banque Saudi Fransi to act as joint lead managers and joint bookrunners. Investor meetings will take place in Saudi Arabia on April 21 and 22.
In the dynamic landscape of the private equity and venture capital sector, the role of an in-house counsel extends far beyond mere advisory duties and handling negotiations during the investment stage.
U.S. law firm Simpson Thacher & Bartlett has advised PE fund CVC Capital Partners on the establishment of its sixth Asia fund, CVC Capital Partners Asia VI, which raised $6.8 billion.
UK law firm Simmons & Simmons has beefed up its partner strength in Asia by hiring Terence Seah in Singapore from Stephenson Harwood and Jeffrey Friedenberg as the head of its private funds practice in Hong Kong, and also relocating disputes partner Steven Kaye to Singapore from London.