National Bank of Abu Dhabi's (NBAD) board will discuss issuing bonds under its Australian and New Zealand dollar medium term note programme at its October 26 meeting, the lender said in a statement on Sunday.

An issue under the programme was approved in 2007, NBAD said.

Abu Dhabi-controlled NBAD, the UAE's largest bank by market value, issued a $750 million five-year bond in March which priced at 178 basis points over midswaps.

Last month, a senior NBAD official said pricing on any new bond this year would need to be tighter than on its previous issues.