Gulf International Bank sets guidance on Saudi bond

DUBAI, Nov 4 (Reuters) - Price guidance for Bahrain-based Gulf International Bank's (GIB) debut Saudi-riyal denominated bond was set at between 130-140 basis points (bps) above the 3-month Saudi interbank offer rate (SIBOR), a banker in Saudi Arabia said on Wednesday.

The three-year conventional bond will be priced early next week in a private placement open only to Saudi investors, the banker said, declining to be identified as the transaction is private.

GIB completed roadshows in Saudi Arabia earlier this week.

"Given the demand, it is likely this guidance will be tightened in the coming days," the banker said.

(Reporting by Rachna Uppal; Editing by John Irish and Erica Billingham)