ABU DHABI: First Gulf Bank, the second-largest lender by market value in the United Arab Emirates, has hired five banks for a new benchmark-sized bond, three sources familiar with the matter said on Tuesday.
FGB picked Citigroup, HSBC, National Bank of Abu Dhabi, Deutsche Bank and Standard Chartered for the deal, which is expected to be at least $500 million in size.
Two sources said the deal could be announced as early as Tuesday or Wednesday this week. (Reuters)
