Abu Dhabi Commercial Bank , the United Arab Emirates' third largest lender by market value, has picked five banks for a conventional bond issue, two sources familiar with the matter said, tapping into strong investor interest for regional debt.
The lender has chosen itself, J.P. Morgan Chase, ING, Royal Bank of Scotland and Standard Chartered to arrange the offering, the sources said on Monday, speaking on condition of anonymity because the information is not public.
ADCB is due to report its fourth-quarter earnings on Wednesday, with the bond expected to launch in the following days, the sources added.
Abu Dhabi Commercial Bank picks banks for bond issue: sources
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