Dubai's Emirates NBD hires banks for bond deal - document

The bank hired Emirates NBD Capital, ICBC, ING, Mizuho Securities and Standard Chartered for the potential benchmark deal

  
FILE PHOTO: Emirates NBD bank is seen in Mall of Emirates in Dubai, United Arab Emirates, December 30, 2018. Image for illustrative purposes.

FILE PHOTO: Emirates NBD bank is seen in Mall of Emirates in Dubai, United Arab Emirates, December 30, 2018. Image for illustrative purposes.

REUTERS/ Hamad I Mohammed

DUBAI - Dubai's largest bank, Emirates NBD, has mandated banks to arrange an investor call ahead of a planned issuance of U.S. dollar-denominated bonds, a document showed on Tuesday.

The bank hired Emirates NBD Capital, ICBC, ING, Mizuho Securities and Standard Chartered for the potential benchmark deal, which would have a five-year maturity, according to the document.

Benchmark bonds are generally meant to be at least $500 million in size.

(Reporting by Davide Barbuscia; Editing by Tom Hogue) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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