Statement re call option
29 Juli 2010 - 3:06PM
UK Regulatory
TIDM81YJ
RNS Number : 1758Q
Gulf International Bank B.S.C.
29 July 2010
GIB
PRESS RELEASE
Gulf International Bank B.S.C. indicates its intention not to exercise its call
option on its
US$400,000,000 Subordinated Step-Up Floating Rate Notes due
2015
Gulf International Bank B.S.C. announced today that it does not intend to
exercise the redemption option initially available on the interest payment date
falling in September 2010 on its US$400,000,000 Subordinated Step-Up Floating
Rate Notes due in 2015, ISIN XS0230799925 (the Notes)
Gulf International Bank values its relationship with the holders of the Notes as
important stakeholders in its business; however, the decision not to exercise
the redemption option is due to the prevailing market environment and economic
considerations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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