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Dubai-based lender Mashreqbank has mandated banks for a $500 million perpetual non-call no-grow 5.5 year Additional Tier 1 capital offering.
Abu Dhabi Commercial Bank, ANZ, Bank of America, Barclays, Citigroup, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, Mizuho and MUFG are the mandated banks.
Mashreqbank is rated A/A (S&P/Fitch). The Reg S notes are unrated.
Investor calls have been set for between February 10 and 11.
(Writing by Brinda Darasha; editing by Seban Scaria)
