May 29 (Reuters) - Dubai-listed Mashreqbank
has hired banks for the sale of dollar-denominated perpetual
non-callable for 5.5-year additional tier notes, an arranging
bank document showed on Wednesday.
The Dubai lender has selected Abu Dhabi Commercial Bank
, Al Ahli Bank of Kuwait (DIFC Branch), BofA
Securities, Citi, Emirates NBD Capital, First Abu
Dhabi Bank, Kamco Investment Company, Mashreq
and Mizuho as joint lead managers and joint bookrunners, the
document said.
The debt transaction is reported to be benchmark-sized,
which is typically understood to be at least $500 million.
Investor meetings for the planned debt sale are scheduled to
take place starting May 30, the document added.