UAE’s First Gulf Bank to meet investors from Monday for potential bond

Dubai: First Gulf Bank, the third-largest lender in the United Arab Emirates by assets, plans to meet fixed income investors starting on Monday for a potential international bond issue, a document from lead managers showed on Thursday.

Rated A2 by Moody’s and A+ by Fitch, First Gulf Bank will meet investors in Europe, the document said, adding that the bank would issue a bond during the course of 2015 subject to market conditions.

The lender has mandated Deutsche Bank and ING Bank to arrange the investor meetings.