Wednesday, Sep 26, 2012
(This article was first published Tuesday.)
DUBAI (Zawya Dow Jones)--First Gulf Bank (FGB.AD) has hired five banks to arrange a conventional, benchmark-size bond, the proceeds of which will be used to repay maturing debt, a person familiar with the matter said Tuesday.
Abu Dhabi-based FGB mandated Citi, HSBC, Deutsche Bank, Standard Chartered and National Bank of Abu Dhabi, the person said.
FGB issued a $500 million, five-year Islamic bond in January.
The lender's shares last traded up 0.1% at AED9.99.
Write to Nicolas Parasie at nicolas.parasie@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
26-09-12 0343GMT
