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PIF-owned Gulf International Bank closes first $625m ESG loan

October 11, 2021

DUBAI: Bahrain-based Gulf International Bank has recently closed a $625 million sustainability-linked syndicated loan, in a deal oversubscribed in international markets.

The facility was originally set at $500 million, but commitments reached $1.1 billion, the Public Investment Fund-owned GIB said in a statement.

More than 20 global investors from the US, Europe, the Middle East and Asia participated in the transaction, which incorporates environmental, social, and governance metrics.