Gulf General Delays $300 Million Bond Sale, National Reports

Gulf General Investment Co. plans to delay a $300 million-bond sale for as many as three months because of high borrowing costs, The National reported, citing finance manager Ashish Oommen.

The Dubai-based investment company hired Deutsche Bank AG, HSBC Holdings Plc and Standard Chartered Bank Plc to manage the dollar-bond sale, two people familiar with the transaction said on Oct. 31.

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