Emirates NBD hires banks for AT1 dollar bonds - document

Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, HSBC, NCB Capital and Standard Chartered will arrange fixed-income investor calls starting on Tuesday

  
General view of Emirates NBD Bank in Dubai, United Arab Emirates.

General view of Emirates NBD Bank in Dubai, United Arab Emirates.

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DUBAI - Dubai's biggest lender Emirates NBD has hired banks to arrange the sale of U.S. dollar-denominated Additional Tier 1 bonds that will be non-callable for six years, a document showed on Tuesday.

Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, HSBC, NCB Capital and Standard Chartered will arrange fixed-income investor calls starting on Tuesday, the document from one of the banks showed. A benchmark unrated issuance will follow, subject to market conditions.

(Reporting by Yousef Saba; Editing by Andrew Heavens) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))

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