#UAE's Bank of #Sharjah hires banks for 5-year bond - Reuters

UAE's Bank of Sharjah hires banks for 5-year bond - Reuters:

Bank of Sharjah has hired banks to arrange a series of fixed income investor meetings ahead of a planned issue of five-year U.S. dollar-denominated bonds, a document issued by one of the banks showed.

The Abu Dhabi-listed lender, which is 17.2% owned by the government of the emirate of Sharjah, has appointed Bank ABC , Emirates NBD Capital, First Abu Dhabi Bank and JPMorgan to arrange meetings in the Middle East, Asia and the UK starting on September 3.

It has also invited holders of its outstanding $500 million bonds due in 2020 to tender the notes for purchase by Bank of Sharjah for cash after the settlement of the new bonds, the document said.