First Abu Dhabi Bank hires banks for dollar bonds - document

Citi, First Abu Dhabi Bank, HSBC and Standard Chartered have been mandated to arrange the potential deal

  
First Abu Dhabi Bank head office situated at Khalifa Business Park Abu Dhabi. Image used for illustrative purpose.

First Abu Dhabi Bank head office situated at Khalifa Business Park Abu Dhabi. Image used for illustrative purpose.

First Abu Dhabi Bank / Handout via Zawya

DUBAI  - First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, has hired banks to arrange an investor call ahead of an issuance of U.S. dollar-denominated bonds, a document showed.

The planned Additional Tier 1 perpetual bonds are not callable for six years, the document showed.

Citi, First Abu Dhabi Bank, HSBC and Standard Chartered have been mandated to arrange the potential deal.

(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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