Sept 2 (Reuters) - UAE's third largest lender Abu Dhabi
Commercial Bank has hired banks to arrange investor
meetings for the sale of U.S. dollar denominated 10.5 year
non-callable for 5.5 year tier 2 capital securities, an
arranging bank document showed on Monday.
The lender has selected Abu Dhabi Commercial Bank, Emirates
NBD Capital, First Abu Dhabi Bank, HSBC ( HSBC ), JPMorgan ( JPM ), and Mizuho as
joint bookrunners to work on the debt transaction, the document
said.
The investor calls are scheduled to start on Sept. 2 and
will be followed by a $500 million Fixed Rate Resetting Tier 2
Capital Securities issuance, subject to market conditions, the
document added.