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27 February 2024

FGB to meet investors from Monday for potential bond

First Gulf Bank plans to meet fixed income investors starting on Monday. (Supplied)

Published
By Reuters

First Gulf Bank, the third-largest lender in the UAE by assets, plans to meet fixed income investors starting on Monday for a potential international bond issue, a document from lead managers showed on Thursday.

Rated A2 by Moody's and A+ by Fitch, First Gulf Bank will meet investors in Europe, the document said, adding that the bank would issue a bond during the course of 2015 subject to market conditions.

The lender has mandated Deutsche Bank and ING Bank to arrange the investor meetings.