Gulf FIG supply on the cards as FGB mandates, GIB updates
The prospects of global supply from Gulf banks were boosted this week with market talk of First Gulf Bank plotting a return to the conventional bond market and an update from Gulf International Bank on its EMTN programme.
Market sources said that FGB had mandated Citi, Deutsche Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered to manage a benchmark global issue. The same banks are currently arranging an $800m loan for FGB.
The deal would be the first in the format from the A2/A+ rated
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