Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has hired banks to arrange an investor call for the US dollar-denominated bond issuance, Reuters reported.

The banks comprise Citi, FAB, HSBC, and Standard Chartered which will arrange the potential deal, according to a cited document.

The planned Additional Tier 1 perpetual bonds are not callable for six years.

Noteworthy to mention, in late August, two sources told Reuters that FAB is expected to issue Additional Tier 1 bonds worth $750 million as soon as September.