New Issue: Kuwait's Gulf Investment prices $500 million 3¼% notes due 2017 at 250 bps spread

By Christine Van Dusen

Atlanta, Nov. 26 - Kuwait's Gulf Investment Corp. priced a $500 million issue of 3¼% notes due Nov. 28, 2017 (Baa2//BBB) at 99.79 to yield 3.296%, or mid-swaps plus 250 basis points, a market source said.

The notes priced in line with talk, set at the mid- to high-200 bps area.

BNP Paribas, Citigroup, National Bank of Abu Dhabi and Standard Chartered were the bookrunners for the Regulation S deal.

Gulf Investment is a financial services company based in Kuwait.

Issuer:	Gulf Investment Corp.
Amount:	$500 million
Maturity:	Nov. 28, 2017
Description:	Notes
Bookrunners:	BNP Paribas, Citigroup, National Bank of Abu Dhabi, Standard Chartered
Coupon:	3¼%
Price:	99.79
Yield:	3.296%
Spread:	Mid-swaps plus 250 bps
Trade date:	Nov. 21
Settlement date:	Nov. 28
Ratings:	Moody's: Baa2
	Fitch: BBB
Distribution:	Regulation S
Price talk:	Mid- to high-200 bps area

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