First Gulf Bank is looking to price a debut transaction of $500m in three year bonds at 262.5bp-275bp over mid swaps. The size of the Abu Dhabi-based bank’s deal “will not grow” beyond $500m, according to bankers familiar with the transaction.
The issue is expected to be priced this week.
BNP Paribas, Citi, Deutsche Bank and HSBC are arranging the deal.
First Gulf Bank finished a week-long series of investor meetings on Tuesday, which covered Asia, the Middle East and Europe.
First Gulf offers corporate, retail and investment banking.