UAE's First Gulf Bank eyes 5-yr bond issue, launch soon
DUBAI, Oct 1 (Reuters) - Abu Dhabi-listed First Gulf Bank
plans to issue a five-year, benchmark-sized dollar-denominated bond imminently, according to arranging banks.
Citi , National Bank of Abu Dhabi , HSBC , Standard Chartered and Deutsche Bank
are arranging the deal. Early price talk was seen at 220 basis points over midswaps.
Benchmark-sized is understood to mean at least $500 million.
Reuters reported last week that the lender, the second biggest by market value in the United Arab Emirates, was eyeing a new bond sale.
(Reporting by Rachna Uppal; Editing by Amran Abocar)
Keywords: FGB BOND/